235,943 Shares in InvenTrust Properties Corp. (NYSE:IVT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in InvenTrust Properties Corp. (NYSE:IVT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 235,943 shares of the company’s stock, valued at approximately $7,109,000.

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after purchasing an additional 1,026 shares during the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties during the 3rd quarter valued at approximately $104,000. US Bancorp DE increased its stake in InvenTrust Properties by 19.8% during 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. Truist Financial Corp purchased a new position in shares of InvenTrust Properties in the fourth quarter worth $204,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth $212,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 1.3 %

NYSE:IVT opened at $28.59 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company’s fifty day moving average price is $29.50 and its 200-day moving average price is $29.75. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The firm has a market capitalization of $2.21 billion, a P/E ratio of 158.81, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last announced its quarterly 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 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 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.2376 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.