InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 39.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,810 shares of the company’s stock after acquiring an additional 1,085 shares during the period. US Bancorp DE’s holdings in InvenTrust Properties were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Creekmur Asset Management LLC increased its holdings in shares of InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after acquiring an additional 795 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in shares of InvenTrust Properties during the third quarter valued at approximately $27,000. abrdn plc boosted its position in shares of InvenTrust Properties by 12.7% during the third quarter. abrdn plc now owns 13,987 shares of the company’s stock worth $397,000 after buying an additional 1,580 shares during the period. Vanderbilt University bought a new position in InvenTrust Properties in the 3rd quarter worth approximately $742,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Compass Point raised their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $30.16 on Friday. The stock has a 50-day simple moving average of $29.51 and a 200 day simple moving average of $27.28. The stock has a market capitalization of $2.33 billion, a P/E ratio of 335.15, a P/E/G ratio of 3.66 and a beta of 0.97. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.37. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The business had revenue of $68.52 million for the quarter. During the same period last year, the business posted $0.41 EPS. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.00%. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

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.