Alliancebernstein L.P. Has $2.78 Million Stake in InvenTrust Properties Corp. (NYSE:IVT)

Alliancebernstein L.P. grew its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 14.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,393 shares of the company's stock after buying an additional 11,631 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of InvenTrust Properties worth $2,784,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of InvenTrust Properties by 4.4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock worth $258,000 after acquiring an additional 383 shares during the period. EntryPoint Capital LLC increased its holdings in InvenTrust Properties by 7.5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after purchasing an additional 682 shares in the last quarter. US Bancorp DE raised its stake in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the period. Millstone Evans Group LLC bought a new stake in shares of InvenTrust Properties in the fourth quarter valued at about $27,000. Finally, Victory Capital Management Inc. boosted its position in shares of InvenTrust Properties by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock worth $286,000 after buying an additional 920 shares during the period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Up 0.4 %

Shares of NYSE IVT traded up $0.11 during trading hours on Friday, hitting $27.44. The company had a trading volume of 587,429 shares, compared to its average volume of 413,666. InvenTrust Properties Corp. has a 1-year low of $23.69 and a 1-year high of $31.65. 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 firm's 50 day moving average is $28.76 and its 200-day moving average is $29.54. The stock has a market capitalization of $2.13 billion, a P/E ratio of 152.45, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.99% and a return on equity of 0.83%. On average, analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of recent research reports. Wolfe Research started coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Jefferies Financial Group upgraded shares of 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. Finally, Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.