InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 26.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,378,512 shares of the company’s stock after buying an additional 706,437 shares during the period. Principal Financial Group Inc. owned approximately 4.98% of InvenTrust Properties worth $83,652,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in InvenTrust Properties during the fourth quarter worth about $757,000. Handelsbanken Fonder AB purchased a new position in InvenTrust Properties in the fourth quarter valued at approximately $398,000. Van ECK Associates Corp lifted its position in InvenTrust Properties by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 9,529 shares of the company’s stock valued at $241,000 after buying an additional 1,567 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in InvenTrust Properties during the fourth quarter worth approximately $230,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of InvenTrust Properties by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 874,699 shares of the company’s stock worth $22,165,000 after acquiring an additional 16,760 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.68 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 296.80, a PEG ratio of 4.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 2.38. InvenTrust Properties Corp. has a 1-year low of $22.61 and a 1-year high of $29.70. The business has a 50-day moving average of $26.77 and a 200-day moving average of $25.54.

InvenTrust Properties Company Profile

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.