Bailard Inc. Makes New $817,000 Investment in InvenTrust Properties Corp. (NYSE:IVT)

Bailard Inc. acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 27,113 shares of the company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IVT. Principal Financial Group Inc. lifted its stake in InvenTrust Properties by 6.0% in the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after acquiring an additional 245,343 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of InvenTrust Properties by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock valued at $51,550,000 after purchasing an additional 92,367 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after purchasing an additional 175,838 shares during the last quarter. FMR LLC grew its stake in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 buying an additional 35,428 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

InvenTrust Properties Stock Up 0.4 %

IVT stock opened at $29.91 on Tuesday. The company’s 50 day moving average is $29.69 and its two-hundred day moving average is $29.72. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. 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 stock has a market cap of $2.32 billion, a P/E ratio of 166.17, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last announced its quarterly 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%. Research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.2263 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, December 30th. InvenTrust Properties’s payout ratio is presently 500.00%.

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.