InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 163,532 shares of the company’s stock after purchasing an additional 5,528 shares during the quarter. Asset Management One Co. Ltd.’s holdings in InvenTrust Properties were worth $4,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in InvenTrust Properties during the fourth quarter worth approximately $27,000. GF Fund Management CO. LTD. acquired a new position in InvenTrust Properties during the fourth quarter worth approximately $42,000. Bernard Wealth Management Corp. acquired a new position in InvenTrust Properties during the fourth quarter worth approximately $50,000. Quarry LP acquired a new position in InvenTrust Properties during the fourth quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp increased its position in InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after purchasing an additional 1,026 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports 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 for the company in a research note on Wednesday, March 26th. BTIG Research assumed coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

InvenTrust Properties Price Performance

IVT opened at $27.56 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 52-week low of $24.20 and a 52-week high of $31.65. The company has a 50 day moving average of $27.91 and a two-hundred day moving average of $28.76. The company has a market cap of $2.14 billion, a P/E ratio of 119.83, a P/E/G ratio of 3.11 and a beta of 0.90.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.2377 dividend. The ex-dividend date is Monday, June 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a dividend yield of 3.45%. InvenTrust Properties’s dividend payout ratio is 413.04%.

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.