InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,774 shares of the company’s stock after purchasing an additional 35,428 shares during the period. JPMorgan Chase & Co. owned approximately 0.72% of InvenTrust Properties worth $15,682,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IVT. Farmers & Merchants Investments Inc. purchased a new position in InvenTrust Properties during the third quarter worth approximately $27,000. Creekmur Asset Management LLC raised its stake in InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after purchasing an additional 795 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares during the period. Vestcor Inc purchased a new position in InvenTrust Properties during the third quarter worth approximately $104,000. Finally, US Bancorp DE raised its stake in InvenTrust Properties by 39.8% during the third quarter. US Bancorp DE now owns 3,810 shares of the company’s stock worth $108,000 after purchasing an additional 1,085 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $28.68 on Friday. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a market cap of $2.21 billion, a PE ratio of 318.70, a P/E/G ratio of 3.57 and a beta of 0.97. 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 company’s fifty day simple moving average is $30.41 and its 200-day simple moving average is $28.80.

InvenTrust Properties (NYSE:IVT) last released its quarterly 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 for the quarter. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid 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 is Monday, December 30th. This represents a $0.91 annualized dividend and a yield of 3.16%. InvenTrust Properties’s payout ratio is 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.