InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 509,146 shares of the company’s stock after selling 11,081 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.66% of InvenTrust Properties worth $15,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp increased its position in shares of InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after purchasing an additional 1,026 shares in the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties in the 3rd quarter valued at $104,000. US Bancorp DE lifted its holdings in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in InvenTrust Properties by 207.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock worth $155,000 after purchasing an additional 3,462 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $29.22 on Friday. 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 company has a 50-day moving average price of $29.53 and a 200 day moving average price of $29.74. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The stock has a market cap of $2.26 billion, a P/E ratio of 162.31, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is 527.78%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IVT. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Company 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.