Connor Clark & Lunn Investment Management Ltd. Invests $217,000 in InvenTrust Properties Corp. (NYSE:IVT)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,659 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in shares of InvenTrust Properties during the 3rd quarter valued at $27,000. Creekmur Asset Management LLC raised its stake in shares of InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after buying an additional 795 shares during the period. Hantz Financial Services Inc. bought a new position in shares of InvenTrust Properties in the second quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares during the period. Finally, Beacon Capital Management LLC increased its holdings in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after acquiring an additional 693 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IVT has been the topic of several analyst reports. Wells Fargo & Company upped their price target 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 raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price target on the stock. Finally, Compass Point upped their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th.

InvenTrust Properties Stock Performance

IVT opened at $30.97 on Monday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 344.11, a PEG ratio of 3.57 and a beta of 0.97. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The company has a fifty day moving average of $29.77 and a 200 day moving average of $27.71.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million during the quarter. During the same quarter last year, the business earned $0.41 earnings per share. As a group, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 1,000.00%.

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.