Ameriprise Financial Inc. Has $13.94 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Ameriprise Financial Inc. grew its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 462,413 shares of the company's stock after acquiring an additional 58,557 shares during the period. Ameriprise Financial Inc. owned 0.60% of InvenTrust Properties worth $13,940,000 as of its most recent filing with the SEC.

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

InvenTrust Properties Trading Down 0.1%

NYSE IVT traded down $0.03 during trading hours on Friday, hitting $27.34. 433,712 shares of the company's stock were exchanged, compared to its average volume of 421,357. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 151.89, a PEG ratio of 3.34 and a beta of 0.93. The stock has a 50-day simple moving average of $27.96 and a 200 day simple moving average of $29.28. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 1-year low of $23.69 and a 1-year high of $31.65.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.2376 per share. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.48%. InvenTrust Properties's dividend payout ratio (DPR) is 413.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVT. BTIG Research began coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Wolfe Research began coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company lowered their target price on 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.80.

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.