Vanguard Group Inc. lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,724,772 shares of the company's stock after buying an additional 22,901 shares during the quarter. Vanguard Group Inc. owned approximately 13.90% of InvenTrust Properties worth $323,137,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of InvenTrust Properties by 4.4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock worth $258,000 after purchasing an additional 383 shares in the last quarter. US Bancorp DE raised its position in shares of InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of InvenTrust Properties during the fourth quarter worth $27,000. Victory Capital Management Inc. grew its stake in InvenTrust Properties by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock valued at $286,000 after acquiring an additional 920 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 61.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Wolfe Research initiated coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Wells Fargo & Company reduced their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price objective for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average price target of $32.00.
Read Our Latest Research Report on InvenTrust Properties
InvenTrust Properties Trading Down 2.6 %
NYSE:IVT traded down $0.70 during midday trading on Tuesday, hitting $25.93. 472,425 shares of the company traded hands, compared to its average volume of 409,505. The firm has a market capitalization of $2.01 billion, a P/E ratio of 144.07, a P/E/G ratio of 3.34 and a beta of 0.93. The firm's fifty day moving average is $29.25 and its 200-day moving average is $29.64. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. 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 (NYSE:IVT - Get Free Report) last announced 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%. On average, sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.
InvenTrust Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is currently 527.78%.
About InvenTrust Properties
(
Free Report)
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.
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