US Bancorp DE Boosts Position in InvenTrust Properties Corp. (NYSE:IVT)

US Bancorp DE increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,566 shares of the company’s stock after buying an additional 756 shares during the period. US Bancorp DE’s holdings in InvenTrust Properties were worth $138,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in shares of InvenTrust Properties in the 4th quarter valued at approximately $325,000. Bank of New York Mellon Corp increased its holdings in shares of InvenTrust Properties by 18.4% during the 4th quarter. Bank of New York Mellon Corp now owns 322,487 shares of the company’s stock valued at $9,717,000 after purchasing an additional 50,178 shares in the last quarter. Handelsbanken Fonder AB grew its stake in InvenTrust Properties by 13.5% in the 4th quarter. Handelsbanken Fonder AB now owns 25,200 shares of the company’s stock valued at $759,000 after acquiring an additional 3,000 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in InvenTrust Properties in the 4th quarter valued at $212,000. Finally, Truist Financial Corp acquired a new stake in InvenTrust Properties in the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT stock opened at $28.68 on Monday. The company has a market capitalization of $2.22 billion, a P/E ratio of 159.32, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The business has a 50 day simple moving average of $29.53 and a 200-day simple moving average of $29.77. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last released its quarterly 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 return on equity of 0.83% and a net margin of 4.99%. As a group, equities analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

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

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research note 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.