Resona Asset Management Co. Ltd. Takes Position in InvenTrust Properties Corp. (NYSE:IVT)

Resona Asset Management Co. Ltd. purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 30,863 shares of the company's stock, valued at approximately $917,000.

A number of other large investors also recently made changes to their positions in IVT. Allworth Financial LP increased its stake in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the last quarter. EntryPoint Capital LLC grew its holdings in InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after buying an additional 682 shares during the period. US Bancorp DE increased its stake 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 last quarter. Millstone Evans Group LLC acquired a new position in shares of InvenTrust Properties during the 4th quarter valued at about $27,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of InvenTrust Properties by 10.7% during the 4th quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock worth $286,000 after acquiring an additional 920 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

Wall Street Analyst Weigh In

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

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InvenTrust Properties Trading Up 0.4 %

IVT stock traded up $0.12 during midday trading on Tuesday, reaching $27.04. 157,382 shares of the company's stock traded hands, compared to its average volume of 410,088. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The business has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $29.58. The company has a market capitalization of $2.09 billion, a P/E ratio of 150.22, a PEG ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating 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%. Equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is 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.