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Principal Financial Group Inc. Increases Stake in InvenTrust Properties Corp. (NYSE:IVT)

InvenTrust Properties logo with Finance background

Principal Financial Group Inc. grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,461,835 shares of the company's stock after purchasing an additional 99,196 shares during the period. Principal Financial Group Inc. owned about 5.76% of InvenTrust Properties worth $131,044,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $27,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $42,000. Bernard Wealth Management Corp. purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $50,000. Quarry LP purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp boosted its position in InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Price Performance

Shares of NYSE:IVT traded down $0.55 during midday trading on Tuesday, reaching $26.65. 553,334 shares of the company's stock traded hands, compared to its average volume of 427,261. InvenTrust Properties Corp. has a 1 year low of $24.28 and a 1 year high of $31.65. The company has a market cap of $2.07 billion, a P/E ratio of 115.87, a PEG ratio of 3.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.43 and a current ratio of 2.43. The company has a fifty day simple moving average of $27.85 and a two-hundred day simple moving average of $28.61.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.2377 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.57%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IVT shares. Wolfe Research started coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. BTIG Research started coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.80.

Get Our Latest Research Report on IVT

InvenTrust Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for InvenTrust Properties (NYSE:IVT)

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