Northern Trust Corp Has $30.57 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Northern Trust Corp boosted its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,739 shares of the company's stock after buying an additional 275,737 shares during the period. Northern Trust Corp owned approximately 1.32% of InvenTrust Properties worth $30,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the 4th quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties in the fourth quarter valued at $50,000. Quarry LP acquired a new stake in InvenTrust Properties in the fourth quarter valued at $53,000. Jones Financial Companies Lllp lifted its holdings in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares during the period. 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 buying an additional 465 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded up $0.05 on Friday, hitting $28.36. The company's stock had a trading volume of 80,933 shares, compared to its average volume of 417,280. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 157.47, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The stock's 50-day moving average is $28.09 and its two-hundred day moving average is $29.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.2376 per share. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.35%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is currently 413.04%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BTIG Research assumed coverage on InvenTrust Properties in a report on Monday, April 28th. They issued a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company decreased their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.