Hsbc Holdings PLC Raises Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Hsbc Holdings PLC grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 15.3% during the fourth quarter, Holdings Channel reports. The firm owned 102,096 shares of the company’s stock after purchasing an additional 13,570 shares during the quarter. Hsbc Holdings PLC’s holdings in InvenTrust Properties were worth $3,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of InvenTrust Properties during the fourth quarter worth approximately $50,000. Jones Financial Companies Lllp increased its stake 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 buying an additional 1,026 shares during the period. NewEdge Advisors LLC increased its stake in shares of InvenTrust Properties by 29.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock worth $62,000 after buying an additional 465 shares during the period. Finally, FIL Ltd increased its stake in shares of InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock worth $67,000 after buying an additional 332 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, BTIG Research started coverage on shares of InvenTrust Properties in a research note on Monday. They set a “buy” rating and a $31.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, InvenTrust Properties has an average rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Stock Performance

Shares of IVT opened at $27.97 on Wednesday. The stock has a 50 day moving average price of $28.41 and a 200 day moving average price of $29.47. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 155.39, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating 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%. Research analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties’s dividend payout ratio is presently 527.78%.

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.