Jones Financial Companies Lllp Has $56,000 Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Jones Financial Companies Lllp grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 123.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,858 shares of the company’s stock after purchasing an additional 1,026 shares during the period. Jones Financial Companies Lllp’s holdings in InvenTrust Properties were worth $56,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vestcor Inc bought a new stake in InvenTrust Properties in the third quarter worth approximately $104,000. US Bancorp DE boosted its position in shares of InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after buying an additional 756 shares during the last quarter. Truist Financial Corp purchased a new position in shares of InvenTrust Properties during the fourth quarter valued at approximately $204,000. Atria Wealth Solutions Inc. purchased a new position in shares of InvenTrust Properties during the fourth quarter valued at approximately $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in InvenTrust Properties in the third quarter worth $217,000. 61.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

InvenTrust Properties Stock Up 1.5 %

Shares of NYSE IVT opened at $29.09 on Tuesday. 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 one year low of $23.53 and a one year high of $31.65. The stock has a market capitalization of $2.25 billion, a PE ratio of 161.62, a P/E/G ratio of 3.34 and a beta of 0.96. The business’s fifty day moving average price is $29.53 and its 200-day moving average price is $29.77.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is currently 500.00%.

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.