Arrowstreet Capital Limited Partnership Sells 119,521 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,334 shares of the company’s stock after selling 119,521 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in InvenTrust Properties were worth $16,009,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its holdings in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after acquiring an additional 1,026 shares during the last quarter. Vestcor Inc purchased a new position in InvenTrust Properties in the third quarter worth $104,000. US Bancorp DE increased its stake in 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 acquiring an additional 756 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in InvenTrust Properties by 207.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock valued at $155,000 after acquiring an additional 3,462 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Trading Down 3.0 %

NYSE IVT opened at $27.19 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 151.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The stock has a 50-day moving average of $29.48 and a 200-day moving average of $29.72. 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 (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.50%. 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 527.78%.

Wall Street Analysts Forecast Growth

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

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.