GSI Capital Advisors LLC Has $5.34 Million Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

GSI Capital Advisors LLC grew its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 49.9% in the fourth quarter, HoldingsChannel reports. The fund owned 177,366 shares of the company’s stock after buying an additional 59,058 shares during the period. InvenTrust Properties accounts for 2.8% of GSI Capital Advisors LLC’s portfolio, making the stock its 19th largest position. GSI Capital Advisors LLC’s holdings in InvenTrust Properties were worth $5,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millstone Evans Group LLC acquired a new stake in InvenTrust Properties in the 4th quarter worth about $27,000. Jones Financial Companies Lllp raised its position in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after buying an additional 1,026 shares in the last quarter. Vestcor Inc bought a new stake in shares of InvenTrust Properties in the third quarter valued at approximately $104,000. US Bancorp DE boosted its stake in shares of InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after buying an additional 756 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in InvenTrust Properties by 207.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock worth $155,000 after acquiring an additional 3,462 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $29.46 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The stock has a market capitalization of $2.28 billion, a P/E ratio of 163.64, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The stock has a fifty day moving average of $29.54 and a 200-day moving average of $29.75.

InvenTrust Properties (NYSE:IVT) last issued 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 return on equity of 0.83% and a net margin of 4.99%. On average, sell-side 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 paid a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.23%. InvenTrust Properties’s dividend payout ratio is presently 527.78%.

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.