7,050 Shares in InvenTrust Properties Corp. (NYSE:IVT) Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,050 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares in the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties during the 3rd quarter worth approximately $104,000. US Bancorp DE grew its stake in shares of InvenTrust Properties by 39.8% during the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company’s stock worth $108,000 after acquiring an additional 1,085 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of InvenTrust Properties in the fourth quarter valued at approximately $204,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of InvenTrust Properties in the third quarter worth $217,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Performance

Shares of NYSE IVT opened at $29.66 on Monday. 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 stock has a 50 day moving average price of $29.69 and a 200 day moving average price of $29.71. The stock has a market capitalization of $2.30 billion, a PE ratio of 164.80, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is 500.00%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.