InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,774 shares of the company’s stock after acquiring an additional 35,428 shares during the period. JPMorgan Chase & Co.’s holdings in InvenTrust Properties were worth $15,682,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after acquiring an additional 738,784 shares in the last quarter. Geode Capital Management LLC grew its holdings in InvenTrust Properties by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock worth $51,550,000 after acquiring an additional 92,367 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after acquiring an additional 175,838 shares in the last quarter. Millennium Management LLC grew its holdings in InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock worth $24,732,000 after acquiring an additional 122,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in InvenTrust Properties by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after acquiring an additional 35,051 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on IVT. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Trading Down 2.7 %

NYSE IVT opened at $28.68 on Friday. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The company has a 50-day simple moving average of $30.41 and a 200-day simple moving average of $28.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $2.21 billion, a PE ratio of 318.70, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period in the previous year, the business earned $0.41 earnings per share. On average, equities analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.2263 dividend. The ex-dividend date of this dividend is 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 3.16%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,000.00%.

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.