InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,622 shares of the company's stock after buying an additional 128,848 shares during the period. JPMorgan Chase & Co. owned about 0.88% of InvenTrust Properties worth $20,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IVT. Allworth Financial LP grew its position in InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after acquiring an additional 383 shares in the last quarter. EntryPoint Capital LLC increased its stake in InvenTrust Properties by 7.5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after buying an additional 682 shares during the period. US Bancorp DE lifted its holdings in InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after buying an additional 756 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of InvenTrust Properties in the fourth quarter worth $27,000. Finally, Victory Capital Management Inc. increased its position in shares of InvenTrust Properties by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock worth $286,000 after acquiring an additional 920 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IVT. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, InvenTrust Properties has an average rating of "Moderate Buy" and a consensus price target of $32.00.

InvenTrust Properties Stock Up 0.5 %

Shares of NYSE IVT traded up $0.14 during mid-day trading on Wednesday, reaching $27.15. The company had a trading volume of 23,288 shares, compared to its average volume of 410,873. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The stock has a market cap of $2.10 billion, a P/E ratio of 150.58, a PEG ratio of 3.34 and a beta of 0.93. 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 50 day simple moving average of $28.92 and a two-hundred day simple moving average of $29.57.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS 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%. Sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is currently 527.78%.

About InvenTrust Properties

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.