InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in InvenTrust Properties Corp. (NYSE:IVT) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,278,033 shares of the company’s stock after acquiring an additional 98,366 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in InvenTrust Properties were worth $38,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IVT. JPMorgan Chase & Co. lifted its position in shares of InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares during the last quarter. Barclays PLC grew its stake in shares of InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after purchasing an additional 80,728 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of InvenTrust Properties during the 3rd quarter worth about $1,980,000. Entropy Technologies LP acquired a new position in shares of InvenTrust Properties during the 4th quarter worth about $536,000. Finally, Rhumbline Advisers boosted its position in shares of InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after acquiring an additional 13,722 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Stock Performance

NYSE IVT opened at $28.68 on Friday. 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 Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The company 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. The company has a fifty day moving average of $29.53 and a two-hundred day moving average of $29.76.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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, analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is presently 500.00%.

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.