Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,394 shares of the company’s stock after acquiring an additional 3,572 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of InvenTrust Properties worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IVT. Principal Financial Group Inc. grew its position in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after purchasing an additional 738,784 shares during the last quarter. FMR LLC grew its holdings in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after buying an additional 578,028 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of InvenTrust Properties during the third quarter valued at approximately $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after acquiring an additional 374,804 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in InvenTrust Properties in the 4th quarter valued at approximately $7,109,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Up 0.3 %

IVT stock opened at $29.46 on Wednesday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 163.64, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The business’s 50-day moving average is $29.54 and its two-hundred day moving average is $29.75. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65.

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 analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.