Pictet Asset Management Holding SA Has $731,000 Position in InvenTrust Properties Corp. (NYSE:IVT)

Pictet Asset Management Holding SA grew its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,268 shares of the company’s stock after buying an additional 2,827 shares during the quarter. Pictet Asset Management Holding SA’s holdings in InvenTrust Properties were worth $731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. lifted its stake in InvenTrust Properties by 7.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 101,580 shares of the company’s stock worth $3,061,000 after purchasing an additional 7,020 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of InvenTrust Properties in the 4th quarter worth approximately $848,000. Norges Bank bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $3,775,000. JPMorgan Chase & Co. boosted its stake in InvenTrust Properties by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company’s stock valued at $20,537,000 after buying an additional 128,848 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in InvenTrust Properties by 7.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 52,394 shares of the company’s stock valued at $1,576,000 after acquiring an additional 3,572 shares during the period. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Down 2.1 %

Shares of NYSE IVT opened at $26.60 on Tuesday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The firm’s 50-day simple moving average is $29.42 and its 200 day simple moving average is $29.69. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 147.78, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is 527.78%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, InvenTrust Properties has an average rating of “Moderate Buy” and an average target price of $32.00.

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.