Van ECK Associates Corp Boosts Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Van ECK Associates Corp grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 25.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,711 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Van ECK Associates Corp’s holdings in InvenTrust Properties were worth $443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in shares of InvenTrust Properties during the fourth quarter worth $536,000. Apollon Wealth Management LLC raised its stake in InvenTrust Properties by 12.6% during the 4th quarter. Apollon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $445,000 after acquiring an additional 1,654 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of InvenTrust Properties by 37.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,365 shares of the company’s stock valued at $493,000 after buying an additional 4,499 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of InvenTrust Properties by 4.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,921 shares of the company’s stock valued at $2,559,000 after purchasing an additional 3,451 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in InvenTrust Properties in the 4th quarter valued at approximately $545,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 0.7 %

IVT stock opened at $29.70 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The company 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 firm’s 50-day moving average is $29.75 and its two-hundred day moving average is $29.64. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65.

InvenTrust Properties (NYSE:IVT) last released 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 return on equity of 0.83% and a net margin of 4.99%. On average, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.