US Bancorp DE Increases Stake in InvenTrust Properties Corp. (NYSE:IVT)

US Bancorp DE increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 39.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,810 shares of the company’s stock after purchasing an additional 1,085 shares during the period. US Bancorp DE’s holdings in InvenTrust Properties were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after purchasing an additional 91,579 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of InvenTrust Properties by 26.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,378,512 shares of the company’s stock valued at $83,652,000 after buying an additional 706,437 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after buying an additional 122,248 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of InvenTrust Properties by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after buying an additional 35,051 shares during the last quarter. Finally, Makena Capital Management LLC grew its holdings in InvenTrust Properties by 28.6% during the second quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock worth $8,494,000 after acquiring an additional 76,316 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on IVT shares. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Finally, Compass Point raised their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $30.16 on Friday. The stock has a 50 day moving average of $29.51 and a two-hundred day moving average of $27.28. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.37. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 335.15, a PEG ratio of 3.66 and a beta of 0.97. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The business had revenue of $68.52 million during the quarter. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.72 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

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.