Susquehanna International Group LLP lifted its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 127.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,804 shares of the company's stock after purchasing an additional 58,122 shares during the quarter. Susquehanna International Group LLP owned 0.13% of InvenTrust Properties worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of InvenTrust Properties during the fourth quarter valued at $50,000. Jones Financial Companies Lllp increased its holdings in 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 in the last quarter. NewEdge Advisors LLC raised its position in InvenTrust Properties by 29.4% in 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. Finally, FIL Ltd lifted its stake in InvenTrust Properties by 17.4% during the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after acquiring an additional 332 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on IVT shares. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. BTIG Research assumed coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Finally, Wells Fargo & Company dropped their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.80.
Read Our Latest Stock Analysis on InvenTrust Properties
InvenTrust Properties Stock Performance
NYSE:IVT opened at $27.99 on Wednesday. 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 stock has a 50-day simple moving average of $28.26 and a two-hundred day simple moving average of $29.42. The firm has a market capitalization of $2.17 billion, a PE ratio of 155.51, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.
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 (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%. Analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.
InvenTrust Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.40%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.
About InvenTrust Properties
(
Free Report)
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.
Further Reading
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