Sumitomo Mitsui DS Asset Management Company Ltd Has $493,000 Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in InvenTrust Properties Corp. (NYSE:IVT) by 37.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,365 shares of the company’s stock after purchasing an additional 4,499 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in InvenTrust Properties were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after purchasing an additional 738,784 shares during the period. Geode Capital Management LLC boosted its position in shares of InvenTrust Properties by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock valued at $51,550,000 after purchasing an additional 92,367 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the period. FMR LLC boosted its position in shares of InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of InvenTrust Properties by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after purchasing an additional 35,428 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 1.5 %

Shares of NYSE IVT opened at $30.60 on Thursday. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The firm has a market capitalization of $2.36 billion, a PE ratio of 340.04, a PEG ratio of 3.28 and a beta of 0.96. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $29.88 and a two-hundred day moving average price of $29.52.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. As a group, analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.2263 per share. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.96%. InvenTrust Properties’s dividend payout ratio (DPR) is 1,011.22%.

Wall Street Analyst Weigh In

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

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.