Johnson Financial Group LLC Has $347,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

Johnson Financial Group LLC lessened its position in InvenTrust Properties Corp. (NYSE:IVT) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,533 shares of the company’s stock after selling 451 shares during the period. Johnson Financial Group LLC’s holdings in InvenTrust Properties were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of InvenTrust Properties by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after acquiring an additional 35,428 shares during the last quarter. Barclays PLC increased its holdings in InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after purchasing an additional 80,728 shares during the period. Thrivent Financial for Lutherans bought a new position in InvenTrust Properties during the 3rd quarter worth $1,980,000. Entropy Technologies LP acquired a new position in InvenTrust Properties during the 4th quarter worth about $536,000. Finally, International Assets Investment Management LLC grew its position in shares of InvenTrust Properties by 1,823.0% in the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after buying an additional 248,050 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.61 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.29 billion, a PE ratio of 164.51, a P/E/G ratio of 3.34 and a beta of 0.96. The firm has a fifty day simple moving average of $29.70 and a 200 day simple moving average of $29.68. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65.

InvenTrust Properties (NYSE:IVT) last released 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 net margin of 4.99% and a return on equity of 0.83%. On average, 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 3.06%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.