Principal Financial Group Inc. Buys 99,196 Shares of InvenTrust Properties Corp. (NYSE:IVT)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp acquired a new position in shares of InvenTrust Properties during the fourth quarter worth about $204,000. Bank of New York Mellon Corp raised its holdings in shares of InvenTrust Properties by 18.4% in the 4th quarter. Bank of New York Mellon Corp now owns 322,487 shares of the company's stock valued at $9,717,000 after purchasing an additional 50,178 shares during the period. US Bancorp DE lifted its position in shares of InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in InvenTrust Properties by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after acquiring an additional 98,366 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

Shares of IVT stock traded up $0.13 on Friday, hitting $27.46. The company's stock had a trading volume of 126,169 shares, compared to its average volume of 425,113. InvenTrust Properties Corp. has a fifty-two week low of $24.20 and a fifty-two week high of $31.65. The company has a market capitalization of $2.13 billion, a PE ratio of 119.40, a PEG ratio of 3.10 and a beta of 0.88. The stock's 50 day moving average is $27.90 and its 200-day moving average is $28.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.43 and a current ratio of 2.43.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, June 30th. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's dividend payout ratio is presently 413.04%.

Analysts Set New Price Targets

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

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.