Nomura Asset Management Co. Ltd. Boosts Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Nomura Asset Management Co. Ltd. grew its position in InvenTrust Properties Corp. (NYSE:IVT) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,580 shares of the company’s stock after purchasing an additional 7,020 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of InvenTrust Properties worth $3,061,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IVT. New Age Alpha Advisors LLC purchased a new stake in InvenTrust Properties in the 4th quarter valued at about $848,000. Norges Bank bought a new stake in InvenTrust Properties during the fourth quarter worth $3,775,000. JPMorgan Chase & Co. lifted its holdings in InvenTrust Properties by 23.3% during the fourth quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company’s stock worth $20,537,000 after acquiring an additional 128,848 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in InvenTrust Properties by 7.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 52,394 shares of the company’s stock worth $1,576,000 after purchasing an additional 3,572 shares during the last quarter. Finally, EntryPoint Capital LLC grew its stake in InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock valued at $296,000 after purchasing an additional 682 shares during the period. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IVT shares. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Stock Up 1.1 %

IVT stock opened at $29.75 on Thursday. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The stock has a fifty day moving average of $29.56 and a 200-day moving average of $29.75. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 165.28, a PEG ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.19%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

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.