Fox Run Management L.L.C. Increases Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Fox Run Management L.L.C. raised its stake in InvenTrust Properties Corp. (NYSE:IVT) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,363 shares of the company’s stock after purchasing an additional 5,713 shares during the quarter. Fox Run Management L.L.C.’s holdings in InvenTrust Properties were worth $824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of InvenTrust Properties in the 4th quarter valued at approximately $473,000. Sei Investments Co. boosted its stake in shares of InvenTrust Properties by 13.7% in the fourth quarter. Sei Investments Co. now owns 39,144 shares of the company’s stock valued at $1,179,000 after buying an additional 4,717 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of InvenTrust Properties by 4.7% in the fourth quarter. American Century Companies Inc. now owns 22,991 shares of the company’s stock valued at $693,000 after buying an additional 1,040 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of InvenTrust Properties in the fourth quarter valued at approximately $27,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of InvenTrust Properties by 109.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,025 shares of the company’s stock valued at $754,000 after buying an additional 13,056 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on IVT. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $28.59 on Monday. The stock has a fifty day moving average price of $29.50 and a 200 day moving average price of $29.75. The stock has a market cap of $2.21 billion, a PE ratio of 158.81, a P/E/G 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 debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data 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 forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.32%. InvenTrust Properties’s payout ratio is currently 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.