LPL Financial LLC Acquires 9,360 Shares of InvenTrust Properties Corp. (NYSE:IVT)

LPL Financial LLC grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 157,959 shares of the company's stock after acquiring an additional 9,360 shares during the quarter. LPL Financial LLC owned about 0.20% of InvenTrust Properties worth $4,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of InvenTrust Properties by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company's stock worth $15,682,000 after purchasing an additional 35,428 shares during the period. Barclays PLC boosted its stake in InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company's stock worth $3,093,000 after buying an additional 80,728 shares during the period. Entropy Technologies LP bought a new position in InvenTrust Properties during the fourth quarter valued at $536,000. Rhumbline Advisers increased its position in InvenTrust Properties by 11.2% during the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company's stock valued at $4,092,000 after acquiring an additional 13,722 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of InvenTrust Properties by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after acquiring an additional 98,366 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company decreased their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.00.

InvenTrust Properties Trading Up 0.1 %

InvenTrust Properties stock traded up $0.03 during trading hours on Tuesday, hitting $26.95. The company had a trading volume of 39,350 shares, compared to its average volume of 428,894. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $2.09 billion, a P/E ratio of 149.72, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $29.58. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.53%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is currently 527.78%.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.