Rhumbline Advisers Has $4.09 Million Stake in InvenTrust Properties Corp. (NYSE:IVT)

Rhumbline Advisers increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,797 shares of the company’s stock after acquiring an additional 13,722 shares during the period. Rhumbline Advisers owned about 0.18% of InvenTrust Properties worth $4,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares during the last quarter. Vestcor Inc acquired a new stake in InvenTrust Properties in the 3rd quarter valued at $104,000. US Bancorp DE increased its stake in InvenTrust Properties by 39.8% in the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company’s stock valued at $108,000 after buying an additional 1,085 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in InvenTrust Properties in the 3rd quarter valued at $217,000. Finally, XTX Topco Ltd acquired a new stake in InvenTrust Properties in the 3rd quarter valued at $218,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.7 %

InvenTrust Properties stock opened at $29.66 on Friday. The firm has a market capitalization of $2.30 billion, a PE ratio of 164.80, a P/E/G ratio of 3.34 and a beta of 0.96. The company’s 50-day moving average is $29.69 and its 200-day moving average is $29.68. 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 current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.2263 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.91 annualized dividend and a dividend yield of 3.05%. InvenTrust Properties’s payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd.

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.