Lazard Asset Management LLC Grows Position in InvenTrust Properties Corp. (NYSE:IVT)

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

A number of other hedge funds have also bought and sold shares of the business. FIL Ltd raised its holdings 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 increased its position in InvenTrust Properties by 4.4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock worth $258,000 after buying an additional 383 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of 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 purchasing an additional 465 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after buying an additional 682 shares during the period. Finally, US Bancorp DE lifted its stake in 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. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Performance

IVT traded down $0.03 during trading hours on Friday, hitting $27.34. The stock had a trading volume of 433,712 shares, compared to its average volume of 422,224. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 1 year low of $23.69 and a 1 year high of $31.65. The stock has a market cap of $2.12 billion, a PE ratio of 151.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The company's fifty day simple moving average is $27.96 and its 200 day simple moving average is $29.26.

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 issued a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is 413.04%.

Wall Street Analysts Forecast Growth

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