Martingale Asset Management L P Has $2.53 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Martingale Asset Management L P cut its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,961 shares of the company's stock after selling 26,897 shares during the quarter. Martingale Asset Management L P owned about 0.11% of InvenTrust Properties worth $2,530,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after acquiring an additional 738,784 shares during the last quarter. Raymond James Financial Inc. acquired a new position in InvenTrust Properties during the fourth quarter valued at approximately $7,109,000. Thrivent Financial for Lutherans raised its position in shares of InvenTrust Properties by 240.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company's stock valued at $7,150,000 after purchasing an additional 167,527 shares during the period. JPMorgan Chase & Co. raised its position in shares of InvenTrust Properties by 23.3% in the fourth quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock valued at $20,537,000 after purchasing an additional 128,848 shares during the period. Finally, Norges Bank bought a new stake in InvenTrust Properties during the fourth quarter valued at about $3,775,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Up 0.5 %

Shares of NYSE IVT traded up $0.12 during mid-day trading on Tuesday, hitting $27.04. The company had a trading volume of 212,987 shares, compared to its average volume of 411,532. The company has a market capitalization of $2.09 billion, a PE ratio of 150.24, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The firm has a 50-day simple moving average of $28.97 and a two-hundred day simple moving average of $29.58. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

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

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Analysts Set New Price Targets

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

InvenTrust Properties 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.