InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 22,456.4% during the third quarter, Holdings Channel.com reports. The firm owned 580,602 shares of the company’s stock after acquiring an additional 578,028 shares during the period. Fmr LLC’s holdings in InvenTrust Properties were worth $16,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake 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 worth $116,808,000 after purchasing an additional 738,784 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after acquiring an additional 175,838 shares in the last quarter. Millennium Management LLC increased its holdings in InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock worth $24,732,000 after acquiring an additional 122,248 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after acquiring an additional 35,051 shares in the last quarter. Finally, Makena Capital Management LLC increased its holdings in InvenTrust Properties by 28.6% in the 2nd quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock worth $8,494,000 after acquiring an additional 76,316 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.3 %

Shares of IVT opened at $31.07 on Wednesday. The firm’s fifty day moving average is $30.10 and its two-hundred day moving average is $28.01. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.40 billion, a PE ratio of 345.22, a price-to-earnings-growth ratio of 3.60 and a beta of 0.97. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million for the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.91%. InvenTrust Properties’s payout ratio is currently 1,000.00%.

Wall Street Analyst Weigh In

IVT has been the subject of several recent analyst reports. Compass Point boosted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Jefferies Financial Group began coverage on shares of InvenTrust Properties in a report on Tuesday, November 19th. They issued a “hold” rating and a $33.00 price target for the company. Finally, Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

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.