Adelante Capital Management LLC Has $10.33 Million Position in InvenTrust Properties Corp. (NYSE:IVT)

Adelante Capital Management LLC increased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,945 shares of the company’s stock after buying an additional 5,826 shares during the period. InvenTrust Properties comprises approximately 0.5% of Adelante Capital Management LLC’s portfolio, making the stock its 29th largest position. Adelante Capital Management LLC’s holdings in InvenTrust Properties were worth $10,325,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of InvenTrust Properties by 21.9% during the third 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. FMR LLC lifted its holdings in InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after buying an additional 578,028 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock valued at $13,132,000 after buying an additional 374,804 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after buying an additional 248,050 shares during the period. Finally, Savant Capital LLC bought a new position in shares of InvenTrust Properties during the second quarter worth about $4,445,000. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Down 1.1 %

Shares of NYSE IVT opened at $30.97 on Friday. 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 firm has a market cap of $2.39 billion, a PE ratio of 344.11, a P/E/G ratio of 3.57 and a beta of 0.97. The company’s fifty day simple moving average is $29.77 and its 200 day simple moving average is $27.69. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The company had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.92%. InvenTrust Properties’s dividend payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

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

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.