Hsbc Holdings PLC Raises Stake in InvenTrust Properties Corp. $IVT

Key Points

• HSBC Holdings PLC increased its stake in InvenTrust Properties Corp. by 20.9%, now owning approximately 123,389 shares valued at about $3.6 million.
• InvenTrust Properties recently declared a quarterly dividend of $0.2377, raising it from the previous amount of $0.24, which results in an annual yield of 3.3%.
• The stock of InvenTrust Properties Corp. is currently priced at $29.25, reflecting a 0.5% decline, with a market cap of $2.27 billion.

Hsbc Holdings PLC lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 20.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 123,389 shares of the company's stock after purchasing an additional 21,293 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of InvenTrust Properties worth $3,613,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of InvenTrust Properties by 29.4% during 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 during the period. State of Alaska Department of Revenue boosted its holdings in InvenTrust Properties by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after acquiring an additional 475 shares during the period. Cerity Partners LLC boosted its holdings in InvenTrust Properties by 3.8% in the 1st quarter. Cerity Partners LLC now owns 14,844 shares of the company's stock worth $436,000 after acquiring an additional 545 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in InvenTrust Properties by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company's stock worth $501,000 after acquiring an additional 1,040 shares during the period. Finally, Allworth Financial LP boosted its holdings in InvenTrust Properties by 12.3% in the 1st quarter. Allworth Financial LP now owns 10,098 shares of the company's stock worth $279,000 after acquiring an additional 1,106 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Down 0.5%

NYSE IVT opened at $29.25 on Wednesday. The stock has a market cap of $2.27 billion, a PE ratio of 20.31, a P/E/G ratio of 3.21 and a beta of 0.88. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The business has a 50 day moving average price of $27.65 and a two-hundred day moving average price of $28.15. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.2377 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.3%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's dividend payout ratio (DPR) is currently 65.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.