InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,816 shares of the company's stock after selling 36,245 shares during the quarter. Schroder Investment Management Group owned about 1.14% of InvenTrust Properties worth $25,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IVT. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp grew its stake in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after buying an additional 1,026 shares in the last quarter. Vestcor Inc purchased a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $104,000. US Bancorp DE lifted its position in 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 acquiring an additional 756 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in InvenTrust Properties by 207.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after acquiring an additional 3,462 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Stock Down 2.1 %

Shares of IVT traded down $0.57 during trading on Monday, reaching $26.60. The company's stock had a trading volume of 559,373 shares, compared to its average volume of 408,345. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 147.78, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $29.42 and a two-hundred day moving average of $29.69. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65.

Remove Ads

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) 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%. On average, sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.57%. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Wall Street Analyst Weigh In

IVT has been the topic of a number of analyst reports. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.