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

Raymond James Financial Inc. acquired a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 235,943 shares of the company's stock, valued at approximately $7,109,000. Raymond James Financial Inc. owned approximately 0.31% of InvenTrust Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares in the last quarter. Vestcor Inc bought a new stake in shares of InvenTrust Properties in the 3rd quarter valued at $104,000. US Bancorp DE lifted its position in shares of InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after acquiring an additional 756 shares during the period. Truist Financial Corp acquired a new stake in InvenTrust Properties in the fourth quarter worth $204,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in InvenTrust Properties in the fourth quarter worth $212,000. 61.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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InvenTrust Properties Stock Up 0.3 %

Shares of IVT traded up $0.08 on Tuesday, reaching $29.52. The company's stock had a trading volume of 86,660 shares, compared to its average volume of 385,815. The stock has a market capitalization of $2.29 billion, a PE ratio of 163.97, a PEG ratio of 3.34 and a beta of 0.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The firm has a fifty day moving average of $29.51 and a 200-day moving average of $29.75.

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

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.2376 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.22%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio 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.