Millstone Evans Group LLC Acquires New Position in InvenTrust Properties Corp. (NYSE:IVT)

Millstone Evans Group LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT) in the 4th quarter, Holdings Channel reports. The fund bought 905 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans bought a new stake in shares of InvenTrust Properties during the 3rd quarter valued at $1,980,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in InvenTrust Properties during the third quarter valued at about $217,000. Intech Investment Management LLC purchased a new position in shares of InvenTrust Properties in the third quarter valued at about $584,000. Charles Schwab Investment Management Inc. boosted its stake in shares of InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after acquiring an additional 175,838 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of InvenTrust Properties by 85.9% during the third quarter. Eagle Asset Management Inc. now owns 216,832 shares of the company’s stock worth $6,709,000 after purchasing an additional 100,168 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock opened at $29.42 on Tuesday. The firm has a market cap of $2.28 billion, a PE ratio of 163.42, a PEG ratio of 3.34 and a beta of 0.96. The stock has a 50 day moving average of $29.51 and a 200 day moving average of $29.75. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its earnings results 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%. On average, research analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently announced 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 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 3.23%. InvenTrust Properties’s payout ratio is 527.78%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IVT shares. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, InvenTrust Properties currently has an average rating of “Moderate Buy” and a consensus price target 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.