InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,278,033 shares of the company’s stock after acquiring an additional 98,366 shares during the period. Charles Schwab Investment Management Inc. owned 1.66% of InvenTrust Properties worth $38,507,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IVT. Jones Financial Companies Lllp lifted its stake in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after purchasing an additional 1,026 shares during the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties in the third quarter valued at about $104,000. US Bancorp DE lifted its position in InvenTrust Properties by 39.8% in the third 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. Truist Financial Corp acquired a new position in InvenTrust Properties in the fourth quarter valued at about $204,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of InvenTrust Properties in the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

InvenTrust Properties Stock Up 1.1 %

Shares of IVT opened at $28.68 on Friday. The stock has a market capitalization of $2.22 billion, a PE ratio of 159.32, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The company’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $29.76.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (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%. Analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.

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.