EverSource Wealth Advisors LLC Purchases 3,462 Shares of InvenTrust Properties Corp. (NYSE:IVT)

EverSource Wealth Advisors LLC lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 207.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,133 shares of the company’s stock after purchasing an additional 3,462 shares during the period. EverSource Wealth Advisors LLC’s holdings in InvenTrust Properties were worth $155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after buying an additional 738,784 shares during the last quarter. FMR LLC increased its position 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 valued at $16,472,000 after acquiring an additional 578,028 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of InvenTrust Properties during the third quarter valued at approximately $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in InvenTrust Properties by 425.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after acquiring an additional 374,804 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in InvenTrust Properties in the fourth quarter worth $7,109,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

InvenTrust Properties Trading Up 1.5 %

Shares of IVT stock opened at $29.09 on Tuesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.25 billion, a P/E ratio of 161.62, a PEG ratio of 3.34 and a beta of 0.96. The company has a 50 day moving average of $29.53 and a 200-day moving average of $29.77. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. The ex-dividend date is Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.27%. InvenTrust Properties’s dividend payout ratio is 500.00%.

InvenTrust Properties 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.