NewEdge Advisors LLC Has $62,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

NewEdge Advisors LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 29.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,046 shares of the company’s stock after purchasing an additional 465 shares during the quarter. NewEdge Advisors LLC’s holdings in InvenTrust Properties were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of InvenTrust Properties by 285.3% during the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after buying an additional 80,728 shares during the period. Principal Financial Group Inc. boosted its position in InvenTrust Properties by 21.9% during the third 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. JPMorgan Chase & Co. grew its stake in InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after purchasing an additional 35,428 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in InvenTrust Properties by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,329 shares of the company’s stock valued at $1,426,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of InvenTrust Properties by 12.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 17,416 shares of the company’s stock worth $525,000 after purchasing an additional 1,910 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Trading Up 0.9 %

Shares of IVT stock opened at $28.42 on Friday. The business’s 50 day moving average is $28.32 and its two-hundred day moving average is $29.44. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. The company has a market cap of $2.20 billion, a PE ratio of 157.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Equities analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.2376 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.34%. InvenTrust Properties’s dividend payout ratio is presently 413.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IVT shares. Wells Fargo & Company lowered their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Wolfe Research began coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating on the stock. Finally, BTIG Research initiated coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

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.