UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 374,804 Shares of InvenTrust Properties Corp. (NYSE:IVT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 425.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 462,879 shares of the company's stock after buying an additional 374,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.60% of InvenTrust Properties worth $13,132,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after buying an additional 738,784 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock worth $33,467,000 after acquiring an additional 175,838 shares in the last quarter. Millennium Management LLC grew its holdings in shares of InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company's stock worth $24,732,000 after acquiring an additional 122,248 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of InvenTrust Properties by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company's stock worth $20,125,000 after purchasing an additional 35,051 shares during the period. Finally, FMR LLC lifted its holdings in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company's stock valued at $16,472,000 after purchasing an additional 578,028 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IVT shares. Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Jefferies Financial Group started coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They set a "hold" rating and a $33.00 target price on the stock. Compass Point increased their target price on InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Finally, Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and lifted their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

InvenTrust Properties Stock Up 0.5 %

Shares of IVT stock traded up $0.17 during trading on Friday, hitting $31.20. 291,875 shares of the company were exchanged, compared to its average volume of 332,059. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 346.71, a P/E/G ratio of 3.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The business's 50-day simple moving average is $30.01 and its 200 day simple moving average is $27.90. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The company had revenue of $68.52 million for the quarter. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties's payout ratio is currently 1,011.22%.

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.