Nuveen Asset Management LLC Raises Stake in InvenTrust Properties Corp. (NYSE:IVT)

Nuveen Asset Management LLC boosted its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 35.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,193,690 shares of the company's stock after acquiring an additional 315,380 shares during the period. Nuveen Asset Management LLC owned 1.55% of InvenTrust Properties worth $35,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVT. Millennium Management LLC boosted its holdings in shares of InvenTrust Properties by 51.9% in the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock valued at $74,039,000 after acquiring an additional 839,541 shares in the last quarter. Northern Trust Corp lifted its position in InvenTrust Properties by 37.3% in 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. Principal Financial Group Inc. boosted its holdings in InvenTrust Properties by 6.0% in the 4th 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 in the last quarter. Raymond James Financial Inc. acquired a new position in InvenTrust Properties during the 4th quarter worth approximately $7,109,000. Finally, Schonfeld Strategic Advisors LLC increased its position in InvenTrust Properties by 2,006.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company's stock worth $6,917,000 after purchasing an additional 218,660 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on IVT. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating on the stock. Wells Fargo & Company lowered their price target 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, BTIG Research started 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, InvenTrust Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Price Performance

Shares of IVT stock traded down $0.03 during mid-day trading on Monday, reaching $27.34. The stock had a trading volume of 433,712 shares, compared to its average volume of 422,224. The company has a market cap of $2.12 billion, a P/E ratio of 151.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. 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 Corp. has a 12-month low of $23.69 and a 12-month high of $31.65. The business has a 50-day simple moving average of $27.96 and a 200 day simple moving average of $29.26.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. 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 3.48%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is 413.04%.

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.