Bank of New York Mellon Corp Purchases 50,178 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Bank of New York Mellon Corp grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 322,487 shares of the company’s stock after acquiring an additional 50,178 shares during the period. Bank of New York Mellon Corp’s holdings in InvenTrust Properties were worth $9,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB increased its position in shares of InvenTrust Properties by 13.5% during the 4th quarter. Handelsbanken Fonder AB now owns 25,200 shares of the company’s stock valued at $759,000 after purchasing an additional 3,000 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in InvenTrust Properties during the 4th quarter valued at about $212,000. Truist Financial Corp purchased a new stake in InvenTrust Properties during the 4th quarter valued at about $204,000. Principal Financial Group Inc. boosted its holdings in InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after acquiring an additional 245,343 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in InvenTrust Properties during the 4th quarter valued at about $545,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Trading Up 1.1 %

Shares of IVT stock opened at $28.68 on Friday. The stock has a market capitalization of $2.22 billion, a PE ratio of 159.32, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The business has a 50-day moving average of $29.53 and a 200 day moving average of $29.76. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s payout ratio is presently 500.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and increased their target price for the company 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.