InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its position in InvenTrust Properties Corp. (NYSE:IVT) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,700 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. Swiss National Bank owned about 0.20% of InvenTrust Properties worth $4,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in shares of InvenTrust Properties during the 3rd quarter worth approximately $1,980,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in InvenTrust Properties in the third quarter worth approximately $217,000. Intech Investment Management LLC acquired a new stake in InvenTrust Properties during the third quarter worth $584,000. Charles Schwab Investment Management Inc. raised its position in InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of InvenTrust Properties by 85.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 216,832 shares of the company’s stock valued at $6,709,000 after purchasing an additional 100,168 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research initiated coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Price Performance

IVT opened at $29.42 on Tuesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 163.42, a PEG ratio of 3.34 and a beta of 0.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $29.51 and its 200 day moving average price is $29.75. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current 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 3.23%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%.

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.