Truist Financial Corp Invests $204,000 in InvenTrust Properties Corp. (NYSE:IVT)

Truist Financial Corp acquired a new position in InvenTrust Properties Corp. (NYSE:IVT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,755 shares of the company’s stock, valued at approximately $204,000.

Other large investors also recently modified their holdings of the company. Vestcor Inc purchased a new position in shares of InvenTrust Properties in the 3rd quarter worth about $104,000. US Bancorp DE raised its holdings in shares of InvenTrust Properties by 39.8% during 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 period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $217,000. XTX Topco Ltd purchased a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $218,000. Finally, Investmark Advisory Group LLC purchased a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $226,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Price Performance

IVT stock opened at $29.41 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The stock’s 50 day moving average is $29.67 and its two-hundred day moving average is $29.74. The company has a market capitalization of $2.28 billion, a PE ratio of 163.37, a P/E/G ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data 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 return on equity of 0.83% and a net margin of 4.99%. Analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.2263 per share. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 3.08%. InvenTrust Properties’s payout ratio is currently 500.00%.

Analyst Upgrades and Downgrades

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

About InvenTrust Properties

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.