Bailard Inc. Purchases New Shares in InvenTrust Properties Corp. (NYSE:IVT)

Bailard Inc. purchased a new position in shares of InvenTrust Properties Corp. (NYSE:IVT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,113 shares of the company’s stock, valued at approximately $817,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVT. Principal Financial Group Inc. boosted its stake 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 buying an additional 738,784 shares during the period. FMR LLC raised its stake in InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after acquiring an additional 578,028 shares during the last quarter. Zimmer Partners LP purchased a new stake in InvenTrust Properties during the 3rd quarter valued at approximately $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in InvenTrust Properties by 425.6% during 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 worth $13,132,000 after acquiring an additional 374,804 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Trading Up 0.4 %

Shares of InvenTrust Properties stock opened at $29.91 on Tuesday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 166.17, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The company’s 50-day simple moving average is $29.69 and its 200-day simple moving average is $29.72. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last released its 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 return on equity of 0.83% and a net margin of 4.99%. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.2263 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.91 annualized dividend and a yield of 3.03%. InvenTrust Properties’s dividend payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $34.00 in a research note 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.