BNP Paribas Financial Markets Purchases New Shares in InvenTrust Properties Corp. (NYSE:IVT)

BNP Paribas Financial Markets purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,957 shares of the company's stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of InvenTrust Properties by 6.0% in the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock valued at $131,446,000 after purchasing an additional 245,343 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of InvenTrust Properties by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company's stock valued at $58,366,000 after purchasing an additional 120,014 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of InvenTrust Properties by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after purchasing an additional 98,366 shares in the last quarter. Northern Trust Corp grew its holdings in shares of InvenTrust Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock valued at $30,574,000 after purchasing an additional 275,737 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of InvenTrust Properties by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company's stock valued at $27,366,000 after purchasing an additional 77,299 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Down 0.7%

Shares of NYSE IVT traded down $0.20 during mid-day trading on Friday, reaching $28.06. The company had a trading volume of 390,859 shares, compared to its average volume of 423,509. InvenTrust Properties Corp. has a 52-week low of $24.06 and a 52-week high of $31.65. The stock has a market cap of $2.18 billion, a P/E ratio of 155.89, a PEG ratio of 3.34 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $27.84 and a two-hundred day simple moving average of $29.17.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.2376 dividend. This represents a $0.95 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio is currently 413.04%.

Analysts Set New Price Targets

Several research firms have commented on IVT. BTIG Research began coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company lowered their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.