Mitsubishi UFJ Trust & Banking Corp Lowers Stake in InvenTrust Properties Corp. (NYSE:IVT)

Mitsubishi UFJ Trust & Banking Corp decreased its position in InvenTrust Properties Corp. (NYSE:IVT) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 509,146 shares of the company’s stock after selling 11,081 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in InvenTrust Properties were worth $15,341,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IVT. EntryPoint Capital LLC raised its holdings in shares of InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock valued at $296,000 after buying an additional 682 shares during the period. Corebridge Financial Inc. increased its stake in InvenTrust Properties by 5.8% during the fourth quarter. Corebridge Financial Inc. now owns 38,539 shares of the company’s stock worth $1,161,000 after purchasing an additional 2,101 shares during the period. LPL Financial LLC lifted its position in shares of InvenTrust Properties by 6.3% during the fourth quarter. LPL Financial LLC now owns 157,959 shares of the company’s stock worth $4,759,000 after purchasing an additional 9,360 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in shares of InvenTrust Properties by 26.4% in the fourth quarter. Fox Run Management L.L.C. now owns 27,363 shares of the company’s stock valued at $824,000 after purchasing an additional 5,713 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of InvenTrust Properties in the fourth quarter valued at approximately $473,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 0.2 %

IVT stock opened at $29.22 on Friday. The company’s 50 day moving average is $29.53 and its two-hundred day moving average is $29.74. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.26 billion, a P/E ratio of 162.31, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) 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%. Research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed 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 an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%.

Wall Street Analyst Weigh In

IVT has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research began coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.