Adelante Capital Management LLC Increases Stake in InvenTrust Properties Corp. (NYSE:IVT)

Adelante Capital Management LLC grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,769 shares of the company's stock after acquiring an additional 60,824 shares during the quarter. InvenTrust Properties comprises about 0.8% of Adelante Capital Management LLC's portfolio, making the stock its 28th biggest position. Adelante Capital Management LLC owned approximately 0.55% of InvenTrust Properties worth $12,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at about $50,000. Quarry LP bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at about $53,000. Jones Financial Companies Lllp grew its position in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after buying an additional 1,026 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after acquiring an additional 465 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Performance

IVT traded up $0.24 on Friday, reaching $28.42. 342,099 shares of the stock were exchanged, compared to its average volume of 417,300. The company's 50-day moving average price is $28.34 and its 200 day moving average price is $29.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $2.20 billion, a PE ratio of 157.89, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a fifty-two week low of $23.69 and a fifty-two week high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its 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 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 issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IVT shares. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. 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. BTIG Research began coverage on InvenTrust Properties in a research note on Monday. They issued a "buy" rating and a $31.00 price target for the company. Finally, Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and a consensus price target of $31.80.

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.