Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,572 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in InvenTrust Properties Corp. (NYSE:IVT) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 52,394 shares of the company’s stock after purchasing an additional 3,572 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in InvenTrust Properties were worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC increased its stake in InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock worth $296,000 after buying an additional 682 shares in the last quarter. Corebridge Financial Inc. grew its position in shares of InvenTrust Properties by 5.8% during the fourth quarter. Corebridge Financial Inc. now owns 38,539 shares of the company’s stock worth $1,161,000 after purchasing an additional 2,101 shares in the last quarter. LPL Financial LLC raised its stake in InvenTrust Properties by 6.3% during the 4th quarter. LPL Financial LLC now owns 157,959 shares of the company’s stock valued at $4,759,000 after purchasing an additional 9,360 shares during the period. Fox Run Management L.L.C. lifted its holdings in InvenTrust Properties by 26.4% in the 4th quarter. Fox Run Management L.L.C. now owns 27,363 shares of the company’s stock worth $824,000 after purchasing an additional 5,713 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in InvenTrust Properties in the 4th quarter worth approximately $473,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Up 0.3 %

Shares of NYSE:IVT opened at $29.46 on Wednesday. The company has a 50-day moving average price of $29.54 and a 200 day moving average price of $29.75. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 163.64, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 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%. As a group, equities research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.23%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

Analyst Ratings Changes

IVT has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Jefferies Financial Group raised 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 report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, InvenTrust Properties presently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.