Resona Asset Management Co. Ltd. Buys Shares of 30,863 InvenTrust Properties Corp. (NYSE:IVT)

Resona Asset Management Co. Ltd. acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,863 shares of the company's stock, valued at approximately $917,000.

A number of other large investors also recently modified their holdings of IVT. Principal Financial Group Inc. increased its stake in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after purchasing an additional 738,784 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of InvenTrust Properties during the fourth quarter worth about $7,109,000. Thrivent Financial for Lutherans raised its holdings in shares of InvenTrust Properties by 240.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company's stock worth $7,150,000 after acquiring an additional 167,527 shares during the last quarter. JPMorgan Chase & Co. lifted its position in InvenTrust Properties by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock valued at $20,537,000 after acquiring an additional 128,848 shares in the last quarter. Finally, Norges Bank acquired a new position in InvenTrust Properties during the 4th quarter valued at about $3,775,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock traded up $0.43 during mid-day trading on Wednesday, hitting $27.44. 44,793 shares of the stock were exchanged, compared to its average volume of 410,955. The company has a 50-day simple moving average of $28.92 and a 200 day simple moving average of $29.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $2.13 billion, a P/E ratio of 152.56, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released 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 net margin of 4.99% and a return on equity of 0.83%. Sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio is presently 527.78%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wolfe Research initiated 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 InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, InvenTrust Properties currently has a consensus 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.