Ghisallo Capital Management LLC Decreases Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Ghisallo Capital Management LLC cut its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 80.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,000 shares of the company's stock after selling 400,000 shares during the period. Ghisallo Capital Management LLC owned 0.13% of InvenTrust Properties worth $3,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 in the last quarter. Geode Capital Management LLC grew its holdings in InvenTrust Properties by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company's stock worth $58,366,000 after purchasing an additional 120,014 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $38,507,000 after purchasing an additional 98,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of InvenTrust Properties by 9.3% during the 4th 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 last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of InvenTrust Properties by 23.3% during the 4th quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock valued at $20,537,000 after purchasing an additional 128,848 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IVT. Wells Fargo & Company dropped their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. BTIG Research began coverage on InvenTrust Properties in a research note on Monday. They set a "buy" rating and a $31.00 target price on the stock. Finally, Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Stock Performance

Shares of IVT stock traded up $0.38 during mid-day trading on Thursday, reaching $28.24. The stock had a trading volume of 245,350 shares, compared to its average volume of 429,061. The business's fifty day moving average is $28.37 and its 200-day moving average is $29.46. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 156.90, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 1-year low of $23.68 and a 1-year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a yield of 3.37%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

InvenTrust Properties 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.