Lazard Asset Management LLC Buys 11,604 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Lazard Asset Management LLC increased its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,538 shares of the company's stock after buying an additional 11,604 shares during the quarter. Lazard Asset Management LLC's holdings in InvenTrust Properties were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock valued at $131,446,000 after purchasing an additional 245,343 shares during the period. Geode Capital Management LLC boosted its stake in shares of InvenTrust Properties by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company's stock valued at $58,366,000 after purchasing an additional 120,014 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of InvenTrust Properties by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after purchasing an additional 98,366 shares during the period. Northern Trust Corp boosted its stake in shares of InvenTrust Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock valued at $30,574,000 after purchasing an additional 275,737 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of InvenTrust Properties by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company's stock valued at $27,366,000 after purchasing an additional 77,299 shares during the period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Performance

Shares of NYSE IVT traded up $0.07 during trading on Thursday, hitting $27.40. The company had a trading volume of 432,916 shares, compared to its average volume of 420,913. The stock has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $29.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. The firm has a market capitalization of $2.13 billion, a P/E ratio of 152.22, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.47%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is 413.04%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IVT shares. Wells Fargo & Company dropped their price objective 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. BTIG Research assumed coverage on InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.