InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,566 shares of the company’s stock after buying an additional 756 shares during the quarter. US Bancorp DE’s holdings in InvenTrust Properties were worth $138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of InvenTrust Properties by 6.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,470 shares of the company’s stock valued at $2,311,000 after buying an additional 5,221 shares during the period. Signature Estate & Investment Advisors LLC increased its position in InvenTrust Properties by 6.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 13,723 shares of the company’s stock worth $389,000 after purchasing an additional 882 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in InvenTrust Properties in the 3rd quarter worth about $1,980,000. Jennison Associates LLC acquired a new position in shares of InvenTrust Properties during the 3rd quarter valued at about $664,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of InvenTrust Properties during the 3rd quarter valued at about $217,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Up 1.1 %

Shares of InvenTrust Properties stock opened at $28.68 on Monday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The business has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $29.77. The stock has a market cap of $2.22 billion, a PE ratio of 159.32, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating 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%. Research 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is 500.00%.

Wall Street Analysts Forecast Growth

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

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.