LPL Financial LLC Purchases 9,360 Shares of InvenTrust Properties Corp. (NYSE:IVT)

LPL Financial LLC raised its position in InvenTrust Properties Corp. (NYSE:IVT) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,959 shares of the company’s stock after acquiring an additional 9,360 shares during the quarter. LPL Financial LLC owned approximately 0.20% of InvenTrust Properties worth $4,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings 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 raised its position in shares of InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of InvenTrust Properties during the 4th quarter worth about $7,109,000. Thrivent Financial for Lutherans boosted its holdings in shares of InvenTrust Properties by 240.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company’s stock worth $7,150,000 after buying an additional 167,527 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in InvenTrust Properties by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock valued at $38,507,000 after buying an additional 98,366 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

IVT has been the subject of a number of research analyst reports. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating for the company. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two equities 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 has an average rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Stock Performance

NYSE IVT opened at $27.43 on Thursday. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 152.39, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $29.15 and its 200 day simple moving average is $29.61.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share 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%. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.46%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

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.