Wells Fargo & Company MN Has $2.18 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Wells Fargo & Company MN lifted its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,359 shares of the company's stock after buying an additional 14,178 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of InvenTrust Properties worth $2,180,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of InvenTrust Properties during the 4th quarter valued at $27,000. Jones Financial Companies Lllp raised its position in shares of InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE lifted its holdings in shares of InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 207.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock valued at $155,000 after purchasing an additional 3,462 shares during the period. Finally, Truist Financial Corp purchased a new position in InvenTrust Properties in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 61.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on IVT. Jefferies Financial Group upgraded 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 report on Thursday, January 2nd. BTIG Research started coverage on shares of InvenTrust Properties in a research note on Monday. They issued a "buy" rating and a $31.00 price objective for the company. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Finally, 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 research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Stock Down 0.4 %

InvenTrust Properties stock traded down $0.11 during trading hours on Wednesday, hitting $27.84. The company had a trading volume of 201,283 shares, compared to its average volume of 415,877. 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. The firm has a market capitalization of $2.16 billion, a P/E ratio of 154.67, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The firm's fifty day moving average is $28.41 and its 200-day moving average is $29.47.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current 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 paid a dividend of $0.2376 per share. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.41%. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

InvenTrust Properties 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.