InvenTrust Properties Corp. (NYSE:IVT) Stake Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,978 shares of the company’s stock after selling 920 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of InvenTrust Properties worth $2,048,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings 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 valued at $258,000 after purchasing an additional 383 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after purchasing an additional 681 shares during the last quarter. Creekmur Asset Management LLC grew its holdings in shares of InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of InvenTrust Properties by 6.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 13,723 shares of the company’s stock valued at $389,000 after purchasing an additional 882 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in InvenTrust Properties in the 3rd quarter worth approximately $27,000. 61.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $29.70 on Friday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 164.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The business has a 50 day simple moving average of $29.75 and a 200 day simple moving average of $29.64. 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 (NYSE:IVT) last released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.05%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 30th. InvenTrust Properties’s dividend payout ratio is 505.56%.

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.