Arizona State Retirement System Raises Stake in InvenTrust Properties Corp. (NYSE:IVT)

Arizona State Retirement System raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,026 shares of the company’s stock after purchasing an additional 713 shares during the quarter. Arizona State Retirement System’s holdings in InvenTrust Properties were worth $450,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of InvenTrust Properties in the first quarter worth $171,169,000. BlackRock Inc. purchased a new position in shares of InvenTrust Properties in the first quarter worth $71,167,000. State Street Corp purchased a new position in shares of InvenTrust Properties in the first quarter worth $44,161,000. Charles Schwab Investment Management Inc. purchased a new position in shares of InvenTrust Properties in the first quarter worth $20,038,000. Finally, Northern Trust Corp lifted its holdings in shares of InvenTrust Properties by 167.5% in the second quarter. Northern Trust Corp now owns 776,100 shares of the company’s stock worth $20,016,000 after buying an additional 485,917 shares in the last quarter. Hedge funds and other institutional investors own 51.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TheStreet downgraded shares of InvenTrust Properties from a “c” rating to a “d+” rating in a report on Friday, April 28th. Compass Point lowered their target price on shares of InvenTrust Properties from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, March 27th.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $21.65 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 5.81 and a beta of 1.34. The firm’s fifty day moving average is $22.38 and its 200 day moving average is $23.58. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a 52-week low of $20.82 and a 52-week high of $32.93.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a dividend of $0.2155 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.86 dividend on an annualized basis and a yield of 3.98%. InvenTrust Properties’s dividend payout ratio is presently 132.31%.

About InvenTrust Properties

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InvenTrust Properties Corp. engages in the ownership, management, acquisition and development of multi-tenant retail platform. Its retail properties includes grocery-anchored community, neighborhood centers and necessity-based power centers. The company was founded on October 4, 2004 and is headquartered in Downers Grove, IL.