Geode Capital Management LLC Purchases 120,014 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Geode Capital Management LLC boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,936,730 shares of the company's stock after purchasing an additional 120,014 shares during the quarter. Geode Capital Management LLC owned 2.51% of InvenTrust Properties worth $58,366,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of InvenTrust Properties by 14.4% in the 4th quarter. Alliancebernstein L.P. now owns 92,393 shares of the company's stock valued at $2,784,000 after purchasing an additional 11,631 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of InvenTrust Properties during the fourth quarter worth $300,000. Allstate Corp acquired a new position in InvenTrust Properties during the 4th quarter valued at about $662,000. Orion Portfolio Solutions LLC bought a new position in InvenTrust Properties in the fourth quarter valued at approximately $220,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of InvenTrust Properties by 13.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 24,268 shares of the company's stock worth $731,000 after purchasing an additional 2,827 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Up 0.4 %

Shares of NYSE:IVT traded up $0.11 during midday trading on Friday, reaching $27.44. 587,429 shares of the company were exchanged, compared to its average volume of 413,272. The firm has a market cap of $2.13 billion, a PE ratio of 152.45, a P/E/G ratio of 3.34 and a beta of 0.93. 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 fifty-two week low of $23.69 and a fifty-two week high of $31.65. The stock has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $29.53.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS 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%. As a group, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current 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 issued a dividend of $0.2376 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.46%. InvenTrust Properties's dividend payout ratio is presently 527.78%.

Analysts Set New Price Targets

IVT has been the subject of a number of recent analyst reports. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research assumed coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company dropped their price objective 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.