Sumitomo Mitsui Trust Group Inc. Has $2.47 Million Stake in InvenTrust Properties Corp. (NYSE:IVT)

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 84,081 shares of the company’s stock after selling 840 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.11% of InvenTrust Properties worth $2,469,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its position in shares of InvenTrust Properties by 51.9% in the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after purchasing an additional 839,541 shares during the last quarter. Nuveen Asset Management LLC grew its position in InvenTrust Properties by 35.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Northern Trust Corp grew its position in InvenTrust Properties by 37.3% in the 4th 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in InvenTrust Properties during the fourth quarter worth about $7,109,000. Finally, Schonfeld Strategic Advisors LLC grew its position in InvenTrust Properties by 2,006.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company’s stock worth $6,917,000 after buying an additional 218,660 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 0.5%

Shares of NYSE IVT opened at $27.46 on Friday. The firm’s 50-day simple moving average is $27.90 and its 200 day simple moving average is $28.66. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 119.40, a price-to-earnings-growth ratio of 3.10 and a beta of 0.88. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12-month low of $24.20 and a 12-month high of $31.65.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.46%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 30th. InvenTrust Properties’s dividend payout ratio is presently 413.04%.

Analyst Ratings Changes

IVT has been the topic of several recent research reports. BTIG Research initiated coverage on InvenTrust Properties in a report on Monday, April 28th. They set a “buy” rating and a $31.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

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.