Strategic Financial Concepts LLC Invests $545,000 in InvenTrust Properties Corp. (NYSE:IVT)

Strategic Financial Concepts LLC purchased a new position in InvenTrust Properties Corp. (NYSE:IVT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,078 shares of the company’s stock, valued at approximately $545,000.

Several other hedge funds have also recently bought and sold shares of IVT. JPMorgan Chase & Co. grew its holdings in InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after purchasing an additional 35,428 shares during the last quarter. Barclays PLC grew its stake in InvenTrust Properties by 285.3% in the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after acquiring an additional 80,728 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in InvenTrust Properties during the 3rd quarter valued at about $1,980,000. International Assets Investment Management LLC raised its position in InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after acquiring an additional 248,050 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Up 1.3 %

IVT opened at $30.20 on Wednesday. The business’s fifty day simple moving average is $29.91 and its 200 day simple moving average is $29.49. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The firm has a market cap of $2.33 billion, a P/E ratio of 335.62, a PEG ratio of 3.28 and a beta of 0.96. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.2263 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 3.00%. InvenTrust Properties’s payout ratio is 1,000.00%.

Wall Street Analyst Weigh In

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

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.