InvenTrust Properties Corp. (NYSE:IVT) Stake Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 109.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,025 shares of the company’s stock after buying an additional 13,056 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in InvenTrust Properties were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas boosted its position in InvenTrust Properties by 106.0% during the 4th quarter. Teacher Retirement System of Texas now owns 102,964 shares of the company’s stock worth $3,102,000 after acquiring an additional 52,983 shares during the period. Intech Investment Management LLC boosted its holdings in shares of InvenTrust Properties by 64.6% during the fourth quarter. Intech Investment Management LLC now owns 33,886 shares of the company’s stock worth $1,021,000 after purchasing an additional 13,296 shares during the period. Thrivent Financial for Lutherans grew its position in InvenTrust Properties by 240.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company’s stock valued at $7,150,000 after purchasing an additional 167,527 shares in the last quarter. Cibc World Markets Corp acquired a new position in InvenTrust Properties in the 4th quarter valued at approximately $219,000. Finally, Swiss National Bank lifted its position in InvenTrust Properties by 1.9% in the 4th quarter. Swiss National Bank now owns 151,700 shares of the company’s stock worth $4,571,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IVT shares. Wolfe Research assumed coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating on the stock. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Stock Up 0.6 %

IVT stock opened at $29.39 on Thursday. The firm has a market cap of $2.28 billion, a PE ratio of 163.29, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a fifty day simple moving average of $29.52 and a 200 day simple moving average 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 (NYSE:IVT) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (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%. Sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

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

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.