Nomura Asset Management Co. Ltd. Increases Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Nomura Asset Management Co. Ltd. boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,580 shares of the company’s stock after acquiring an additional 7,020 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in InvenTrust Properties were worth $3,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVT. Principal Financial Group Inc. grew its position in shares of InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after purchasing an additional 738,784 shares in the last quarter. 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 worth $16,472,000 after buying an additional 578,028 shares in the last quarter. Zimmer Partners LP bought a new position in InvenTrust Properties in the 3rd quarter worth about $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after acquiring an additional 374,804 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at about $7,109,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 1.1 %

Shares of NYSE IVT opened at $29.75 on Thursday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 165.28, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The firm’s 50 day simple moving average is $29.56 and its two-hundred day simple moving average is $29.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last released its earnings results 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 net margin of 4.99% and a return on equity of 0.83%. As a group, analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is 527.78%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

About InvenTrust Properties

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.