Russell Investments Group Ltd. Sells 9,308 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Russell Investments Group Ltd. decreased its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,529 shares of the company's stock after selling 9,308 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of InvenTrust Properties worth $1,522,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in InvenTrust Properties during the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its position in InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the period. US Bancorp DE grew 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 worth $138,000 after purchasing an additional 756 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after purchasing an additional 3,462 shares during the period. Finally, Truist Financial Corp bought a new position in shares of InvenTrust Properties during the fourth quarter worth approximately $204,000. Institutional investors own 61.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IVT shares. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $34.00 in a 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 on the stock. Finally, Wells Fargo & Company lowered 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 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 an average target price of $32.00.

InvenTrust Properties Price Performance

NYSE:IVT traded down $0.07 during mid-day trading on Thursday, reaching $27.60. The stock had a trading volume of 17,121 shares, compared to its average volume of 414,017. The stock has a 50-day simple moving average of $28.58 and a two-hundred day simple moving average of $29.50. The stock has a market capitalization of $2.14 billion, a PE ratio of 153.17, a P/E/G ratio of 3.34 and a beta of 0.93. 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 12 month low of $23.69 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates 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 anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.44%. InvenTrust Properties's dividend payout ratio (DPR) is currently 527.78%.

About InvenTrust Properties

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.