1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in shares of InvenTrust Properties Corp. ( NYSE:IVT – Free Report ) by 23.
3% in the fourth quarter, Holdings Channel reports. The firm owned 681,622 shares of the company’s stock after buying an additional 128,848 shares during the period. JPMorgan Chase & Co.
’s holdings in InvenTrust Properties were worth $20,537,000 as of its most recent SEC filing. Several other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its position in InvenTrust Properties by 4.
4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after buying an additional 383 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of InvenTrust Properties by 7.
5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock valued at $296,000 after acquiring an additional 682 shares during the last quarter. US Bancorp DE raised its stake in shares of InvenTrust Properties by 19.
8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after acquiring an additional 756 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in InvenTrust Properties in the 4th quarter worth approximately $27,000.
Finally, Victory Capital Management Inc. boosted its position in InvenTrust Properties by 10.7% during the fourth quarter.
Victory Capital Management Inc. now owns 9,497 shares of the company’s stock worth $286,000 after purchasing an additional 920 shares during the period. 61.
70% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of analysts have recently weighed in on IVT shares. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.
00 to $34.00 in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on shares of InvenTrust Properties from $33.
00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th.
They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.
00. InvenTrust Properties Price Performance NYSE:IVT opened at $26.43 on Friday.
The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.
99. InvenTrust Properties Corp. has a one year low of $23.
53 and a one year high of $31.65. The company has a fifty day moving average price of $29.
09 and a 200 day moving average price of $29.60. The stock has a market cap of $2.
05 billion, a P/E ratio of 146.86, a PEG ratio of 3.34 and a beta of 0.
93. InvenTrust Properties ( NYSE:IVT – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.
43 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39.
InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%.
Analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.
InvenTrust Properties Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share.
This represents a $0.95 annualized dividend and a dividend yield of 3.60%.
The ex-dividend date is Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23.
InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%. About InvenTrust Properties ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding IVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InvenTrust Properties Corp.
( NYSE:IVT – Free Report ). Receive News & Ratings for InvenTrust Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenTrust Properties and related companies with MarketBeat.com's FREE daily email newsletter .
.
