235,943 Shares in InvenTrust Properties Corp. (NYSE:IVT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 235,943 shares of the company's stock, valued at approximately $7,109,000. Raymond James Financial Inc. owned 0.31% of InvenTrust Properties as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. FIL Ltd boosted its position in shares of InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after buying an additional 332 shares during the period. Allworth Financial LP boosted its holdings in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the period. EntryPoint Capital LLC boosted its holdings in InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after purchasing an additional 682 shares during the period. US Bancorp DE raised its stake in InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in InvenTrust Properties in the fourth quarter valued at $27,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. BTIG Research began coverage on InvenTrust Properties in a report on Monday. They issued a "buy" rating and a $31.00 price objective for the company. Finally, Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Stock Down 1.1 %

IVT traded down $0.30 during trading hours on Tuesday, reaching $27.77. 36,963 shares of the stock traded hands, compared to its average volume of 414,008. The firm's fifty day simple moving average is $28.45 and its two-hundred day simple moving average is $29.48. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 154.28, 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. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

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, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.42%. InvenTrust Properties's dividend payout ratio (DPR) is currently 527.78%.

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.