Ameriprise Financial Inc. Increases Position in InvenTrust Properties Corp. (NYSE:IVT)

Ameriprise Financial Inc. boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 462,413 shares of the company's stock after purchasing an additional 58,557 shares during the period. Ameriprise Financial Inc. owned approximately 0.60% of InvenTrust Properties worth $13,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in InvenTrust Properties in the 4th quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties in the 4th quarter worth about $50,000. Quarry LP acquired a new stake in InvenTrust Properties in the 4th quarter worth about $53,000. Jones Financial Companies Lllp grew its stake in InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in InvenTrust Properties by 29.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after purchasing an additional 465 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in 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 note on Wednesday, March 26th. BTIG Research initiated coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Wolfe Research initiated 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.80.

InvenTrust Properties Trading Down 1.0%

Shares of IVT stock traded down $0.29 during trading on Tuesday, hitting $27.88. 233,405 shares of the stock traded hands, compared to its average volume of 419,639. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $2.16 billion, a P/E ratio of 154.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The firm's fifty day moving average price is $28.05 and its 200-day moving average price is $29.33. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.2376 dividend. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.41%. InvenTrust Properties's payout ratio 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.