Charles Schwab Investment Management Inc. Purchases 175,838 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Charles Schwab Investment Management Inc. grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,179,667 shares of the company’s stock after purchasing an additional 175,838 shares during the period. Charles Schwab Investment Management Inc. owned about 1.53% of InvenTrust Properties worth $33,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans purchased a new position in InvenTrust Properties during the 3rd quarter valued at about $1,980,000. International Assets Investment Management LLC grew its holdings in shares of InvenTrust Properties by 1,823.0% during the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after acquiring an additional 248,050 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of InvenTrust Properties by 108.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock worth $1,179,000 after acquiring an additional 24,791 shares during the period. Vanderbilt University purchased a new position in shares of InvenTrust Properties during the 3rd quarter worth approximately $742,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $75,000 after acquiring an additional 681 shares during the period. Institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IVT shares. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They issued a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company boosted their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Compass Point upped their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th.

InvenTrust Properties Stock Performance

IVT stock opened at $30.74 on Wednesday. The stock has a market capitalization of $2.37 billion, a PE ratio of 341.59, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $29.84 and its 200 day simple moving average is $27.78.

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

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.94%. InvenTrust Properties’s payout ratio is 1,011.22%.

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.