EverSource Wealth Advisors LLC Boosts Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

EverSource Wealth Advisors LLC increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 207.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,133 shares of the company’s stock after purchasing an additional 3,462 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in InvenTrust Properties were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new position in InvenTrust Properties during the 4th quarter valued at about $227,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of InvenTrust Properties by 69.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,872 shares of the company’s stock valued at $1,473,000 after acquiring an additional 19,967 shares during the period. AlphaQuest LLC grew its stake in InvenTrust Properties by 24.8% during the fourth quarter. AlphaQuest LLC now owns 42,187 shares of the company’s stock valued at $1,271,000 after acquiring an additional 8,386 shares in the last quarter. Amundi increased its holdings in InvenTrust Properties by 12.9% during the 4th quarter. Amundi now owns 41,187 shares of the company’s stock worth $1,214,000 after acquiring an additional 4,721 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $7,109,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Up 1.5 %

Shares of NYSE IVT opened at $29.09 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $29.53 and a 200-day moving average of $29.77. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 161.62, a PEG ratio of 3.34 and a beta of 0.96. 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 results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.27%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $34.00 in a research report 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.