Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $754,000 Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in InvenTrust Properties Corp. (NYSE:IVT) by 109.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,025 shares of the company’s stock after acquiring an additional 13,056 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in InvenTrust Properties were worth $754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of InvenTrust Properties during the 3rd quarter worth approximately $1,980,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in InvenTrust Properties during the 3rd quarter worth about $217,000. Intech Investment Management LLC acquired a new stake in shares of InvenTrust Properties in the third quarter valued at approximately $584,000. Charles Schwab Investment Management Inc. increased its stake in shares of InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after buying an additional 175,838 shares during the period. Finally, Algert Global LLC increased its position in InvenTrust Properties by 28.9% in the third quarter. Algert Global LLC now owns 65,621 shares of the company’s stock worth $1,862,000 after purchasing an additional 14,710 shares during the period. 61.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IVT has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Wells Fargo & Company decreased 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. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Trading Up 0.6 %

Shares of InvenTrust Properties stock opened at $29.39 on Thursday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 163.29, a P/E/G ratio of 3.34 and a beta of 0.96. The business has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $29.75. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Research analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm 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 represents a $0.95 dividend on an annualized basis and a yield of 3.23%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

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.