Deutsche Bank AG Acquires 22,999 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Deutsche Bank AG boosted its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 33.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,745 shares of the company's stock after purchasing an additional 22,999 shares during the quarter. Deutsche Bank AG owned about 0.12% of InvenTrust Properties worth $2,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FIL Ltd grew its stake in shares of InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after buying an additional 332 shares during the period. Allworth Financial LP grew its stake in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after acquiring an additional 383 shares during the period. NewEdge Advisors LLC grew its stake in InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after acquiring an additional 465 shares during the period. EntryPoint Capital LLC increased its holdings in shares of InvenTrust Properties by 7.5% during the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after acquiring an additional 682 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after purchasing an additional 756 shares during the period. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IVT shares. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating for the company. Wells Fargo & Company cut their price objective 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. Finally, BTIG Research initiated coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Price Performance

Shares of IVT stock traded up $0.77 during trading hours on Tuesday, reaching $28.08. The stock had a trading volume of 467,614 shares, compared to its average volume of 422,405. The stock's fifty day simple moving average is $27.90 and its 200 day simple moving average is $29.23. The firm has a market capitalization of $2.18 billion, a PE ratio of 156.01, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.2376 dividend. This represents a $0.95 annualized dividend and a yield of 3.38%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

InvenTrust Properties 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.