Mercer Global Advisors Inc. ADV Purchases 4,176 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Mercer Global Advisors Inc. ADV boosted its position in InvenTrust Properties Corp. (NYSE:IVT) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,136 shares of the company’s stock after purchasing an additional 4,176 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in InvenTrust Properties were worth $336,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IVT. Northern Trust Corp raised its holdings in InvenTrust Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company’s stock worth $30,574,000 after purchasing an additional 275,737 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after acquiring an additional 245,343 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of InvenTrust Properties during the fourth quarter valued at about $7,109,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of InvenTrust Properties by 2,006.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company’s stock valued at $6,917,000 after acquiring an additional 218,660 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of InvenTrust Properties by 240.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company’s stock valued at $7,150,000 after acquiring an additional 167,527 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IVT. Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, BTIG Research began coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a “buy” rating and a $31.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $27.96 on Thursday. InvenTrust Properties Corp. has a twelve month low of $23.69 and a twelve month high of $31.65. The company’s 50 day moving average is $28.09 and its 200 day moving average is $29.37. 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 cap of $2.17 billion, a PE ratio of 155.33, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping 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 forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.2376 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.40%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 413.04%.

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.