GSI Capital Advisors LLC Has $5.34 Million Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

GSI Capital Advisors LLC grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 49.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,366 shares of the company’s stock after acquiring an additional 59,058 shares during the quarter. InvenTrust Properties accounts for 2.8% of GSI Capital Advisors LLC’s holdings, making the stock its 19th biggest position. GSI Capital Advisors LLC owned approximately 0.23% of InvenTrust Properties worth $5,344,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in InvenTrust Properties by 4.4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after purchasing an additional 383 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of InvenTrust Properties by 7.5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock worth $296,000 after buying an additional 682 shares during the last quarter. US Bancorp DE grew 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 valued at $138,000 after acquiring an additional 756 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of InvenTrust Properties in the fourth quarter valued at about $27,000. Finally, Victory Capital Management Inc. increased its position in shares of InvenTrust Properties by 10.7% in the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company’s stock valued at $286,000 after acquiring an additional 920 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.46 on Wednesday. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The company has a market cap of $2.28 billion, a PE ratio of 163.64, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The business’s 50 day moving average price is $29.54 and its two-hundred day moving average price is $29.75. 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 (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping 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%. On average, analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is currently 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.