Norges Bank Purchases Shares of 125,300 InvenTrust Properties Corp. (NYSE:IVT)

Norges Bank purchased a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 125,300 shares of the company's stock, valued at approximately $3,775,000. Norges Bank owned approximately 0.16% of InvenTrust Properties at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in InvenTrust Properties by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock worth $20,537,000 after acquiring an additional 128,848 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of InvenTrust Properties by 7.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 52,394 shares of the company's stock worth $1,576,000 after purchasing an additional 3,572 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after purchasing an additional 682 shares during the last quarter. Corebridge Financial Inc. raised its stake in shares of InvenTrust Properties by 5.8% in the fourth quarter. Corebridge Financial Inc. now owns 38,539 shares of the company's stock worth $1,161,000 after purchasing an additional 2,101 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of InvenTrust Properties by 6.3% during the fourth quarter. LPL Financial LLC now owns 157,959 shares of the company's stock valued at $4,759,000 after purchasing an additional 9,360 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

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InvenTrust Properties Stock Performance

Shares of NYSE IVT traded up $0.04 during midday trading on Tuesday, hitting $26.96. 127,066 shares of the company's stock traded hands, compared to its average volume of 409,943. The firm has a fifty day moving average of $28.97 and a 200 day moving average of $29.58. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. 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 stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 149.78, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results 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, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.