Hsbc Holdings PLC Raises Position in InvenTrust Properties Corp. (NYSE:IVT)

Hsbc Holdings PLC boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,096 shares of the company's stock after acquiring an additional 13,570 shares during the period. Hsbc Holdings PLC owned 0.13% of InvenTrust Properties worth $3,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its holdings in InvenTrust Properties by 285.3% in the 3rd quarter. Barclays PLC now owns 109,027 shares of the company's stock valued at $3,093,000 after purchasing an additional 80,728 shares during the period. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after buying an additional 738,784 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in InvenTrust Properties by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company's stock valued at $15,682,000 after buying an additional 35,428 shares during the period. Harbor Capital Advisors Inc. grew its position in InvenTrust Properties by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,329 shares of the company's stock worth $1,426,000 after buying an additional 3,783 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in InvenTrust Properties by 12.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,416 shares of the company's stock worth $525,000 after acquiring an additional 1,910 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

IVT has been the subject of several recent analyst reports. Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. BTIG Research assumed coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Trading Up 0.9 %

NYSE:IVT traded up $0.24 during trading hours on Friday, reaching $28.42. The company's stock had a trading volume of 342,099 shares, compared to its average volume of 417,929. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 157.89, a PEG ratio of 3.34 and a beta of 0.93. The firm has a 50-day simple moving average of $28.32 and a 200-day simple moving average of $29.44. InvenTrust Properties Corp. has a 1 year low of $23.69 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 the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Research analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.34%. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

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.