Principal Financial Group Inc. Has $174.61 Million Stake in InvenTrust Properties Corp. $IVT

Principal Financial Group Inc. raised its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,189,709 shares of the company's stock after acquiring an additional 1,456,918 shares during the period. Principal Financial Group Inc. owned about 7.97% of InvenTrust Properties worth $174,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of IVT. EverSource Wealth Advisors LLC grew its position in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $38,000 after buying an additional 418 shares during the last quarter. Avalon Trust Co acquired a new position in shares of InvenTrust Properties in the 3rd quarter valued at about $43,000. Danske Bank A S lifted its stake in shares of InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company's stock valued at $45,000 after purchasing an additional 1,100 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of InvenTrust Properties by 208.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,696 shares of the company's stock valued at $49,000 after purchasing an additional 1,146 shares during the period. Finally, Comerica Bank lifted its stake in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company's stock valued at $66,000 after purchasing an additional 1,001 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Trading Up 1.6%

Shares of IVT stock opened at $32.14 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. InvenTrust Properties Corp. has a 52-week low of $26.52 and a 52-week high of $33.19. The company has a market capitalization of $2.50 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.80. The business's fifty day moving average is $31.41 and its 200 day moving average is $29.68.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The company had revenue of $82.58 million for the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.97 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. InvenTrust Properties's dividend payout ratio is currently 70.92%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IVT. Wall Street Zen upgraded InvenTrust Properties from a "sell" rating to a "hold" rating in a research report on Saturday, April 18th. Wells Fargo & Company increased their target price on InvenTrust Properties from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, March 19th. Finally, KeyCorp began coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an "overweight" rating and a $35.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and a consensus price target of $32.60.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.

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