Wells Fargo & Company MN Acquires 14,178 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Wells Fargo & Company MN raised its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,359 shares of the company's stock after acquiring an additional 14,178 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of InvenTrust Properties worth $2,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position 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 during the last quarter. Raymond James Financial Inc. purchased a new position in shares of InvenTrust Properties during the fourth quarter valued at approximately $7,109,000. Thrivent Financial for Lutherans raised its holdings in shares of InvenTrust Properties by 240.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company's stock valued at $7,150,000 after acquiring an additional 167,527 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in InvenTrust Properties by 23.3% in the fourth quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock worth $20,537,000 after acquiring an additional 128,848 shares during the period. Finally, Norges Bank bought a new stake in InvenTrust Properties in the fourth quarter valued at $3,775,000. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Up 0.6 %

Shares of IVT traded up $0.17 during mid-day trading on Thursday, reaching $28.03. The company had a trading volume of 104,336 shares, compared to its average volume of 415,741. 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 $2.17 billion, a price-to-earnings ratio of 155.29, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The firm has a 50-day moving average price of $28.37 and a 200 day moving average price of $29.46. 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 released its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping 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%. On average, sell-side 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. Shareholders of record on Monday, March 31st were issued a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.39%. InvenTrust Properties's payout ratio is 527.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research initiated coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. BTIG Research began coverage on InvenTrust Properties in a report on Monday. They set a "buy" rating and a $31.00 target price on the stock. 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 report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, InvenTrust Properties has an average rating of "Moderate Buy" and a consensus target price of $31.80.

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.