Arrowstreet Capital Limited Partnership Decreases Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Arrowstreet Capital Limited Partnership lowered its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 531,334 shares of the company’s stock after selling 119,521 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.69% of InvenTrust Properties worth $16,009,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in InvenTrust Properties during the fourth quarter valued at about $27,000. Jones Financial Companies Lllp boosted its stake in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after acquiring an additional 1,026 shares during the last quarter. Vestcor Inc bought a new position in shares of InvenTrust Properties during the 3rd quarter valued at approximately $104,000. US Bancorp DE raised its holdings in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock worth $138,000 after purchasing an additional 756 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in InvenTrust Properties by 207.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock valued at $155,000 after purchasing an additional 3,462 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IVT. Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $27.19 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The stock has a market cap of $2.11 billion, a PE ratio of 151.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The stock has a fifty day moving average of $29.48 and a 200-day moving average of $29.72.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.2376 dividend. This represents a $0.95 annualized dividend and a yield of 3.50%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%.

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.