Raymond James Financial Inc. Takes Position in InvenTrust Properties Corp. (NYSE:IVT)

Raymond James Financial Inc. acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 235,943 shares of the company's stock, valued at approximately $7,109,000. Raymond James Financial Inc. owned 0.31% of InvenTrust Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after purchasing an additional 1,026 shares during the period. Vestcor Inc acquired a new position in InvenTrust Properties during the third quarter worth about $104,000. US Bancorp DE raised its position in InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after acquiring an additional 756 shares in the last quarter. Truist Financial Corp acquired a new stake in InvenTrust Properties in the 4th quarter valued at about $204,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of InvenTrust Properties during the 4th quarter valued at about $212,000. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Down 0.5 %

Shares of NYSE:IVT traded down $0.16 during mid-day trading on Thursday, hitting $29.25. The stock had a trading volume of 423,090 shares, compared to its average volume of 429,281. The company's 50 day moving average is $29.52 and its 200-day moving average is $29.75. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month 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 company has a market cap of $2.27 billion, a PE ratio of 162.47, a P/E/G ratio of 3.34 and a beta of 0.96.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last released its 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 predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is 527.78%.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of 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 report on Thursday, January 2nd. Wolfe Research initiated coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company decreased their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday. Two investment 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 an average 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.