Strategic Financial Concepts LLC Takes $545,000 Position in InvenTrust Properties Corp. (NYSE:IVT)

Strategic Financial Concepts LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,078 shares of the company’s stock, valued at approximately $545,000.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in InvenTrust Properties by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares during the period. Barclays PLC increased its holdings in shares of InvenTrust Properties by 285.3% during the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after buying an additional 80,728 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of InvenTrust Properties in the 3rd quarter worth $1,980,000. International Assets Investment Management LLC boosted its holdings in InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after acquiring an additional 248,050 shares during the last quarter. Finally, FMR LLC grew its position in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after acquiring an additional 578,028 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $30.20 on Wednesday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.33 billion, a PE ratio of 335.62, a P/E/G ratio of 3.28 and a beta of 0.96. The company’s fifty day simple moving average is $29.91 and its 200-day simple moving average is $29.49. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.2263 per share. The ex-dividend date was Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 3.00%. InvenTrust Properties’s payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

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 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.