Intech Investment Management LLC Boosts Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Intech Investment Management LLC grew its position in InvenTrust Properties Corp. (NYSE:IVT) by 64.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,886 shares of the company’s stock after buying an additional 13,296 shares during the period. Intech Investment Management LLC’s holdings in InvenTrust Properties were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after buying an additional 1,026 shares during the period. Vestcor Inc purchased a new stake in shares of InvenTrust Properties in the 3rd quarter valued at approximately $104,000. US Bancorp DE grew its stake in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after buying an additional 756 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 worth $155,000 after acquiring an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in shares of InvenTrust Properties in the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IVT shares. Wolfe Research started coverage on shares of InvenTrust Properties in a report on Thursday. They issued a “peer perform” rating on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $28.59 on Friday. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 158.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. 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 stock’s 50-day moving average is $29.50 and its two-hundred day moving average is $29.75.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 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 fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.2376 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is presently 527.78%.

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.