Bank of America Corp DE Boosts Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Bank of America Corp DE grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,781 shares of the company's stock after purchasing an additional 18,505 shares during the quarter. Bank of America Corp DE owned approximately 0.14% of InvenTrust Properties worth $3,368,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new position in shares of InvenTrust Properties in the fourth quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties in the 4th quarter valued at about $50,000. Quarry LP purchased a new position in InvenTrust Properties in the 4th quarter worth approximately $53,000. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 1,026 shares during the last quarter. Finally, NewEdge Advisors LLC boosted 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 last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Up 0.5%

NYSE:IVT traded up $0.13 during trading hours on Wednesday, reaching $27.85. 289,087 shares of the stock were exchanged, compared to its average volume of 423,098. InvenTrust Properties Corp. has a twelve month low of $24.06 and a twelve month high of $31.65. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $27.76 and a two-hundred day moving average of $29.14. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 154.72, a PEG ratio of 3.34 and a beta of 0.93.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.2376 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.41%. The ex-dividend date was Monday, March 31st. InvenTrust Properties's payout ratio is currently 413.04%.

Analysts Set New Price Targets

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