InvenTrust Properties Corp. $IVT Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,732,791 shares of the company’s stock after acquiring an additional 60,395 shares during the quarter. Principal Financial Group Inc. owned approximately 6.10% of InvenTrust Properties worth $135,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of IVT. Loomis Sayles & Co. L P purchased a new stake in InvenTrust Properties in the 2nd quarter valued at approximately $26,000. Heritage Wealth Advisors purchased a new position in InvenTrust Properties in the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares in the last quarter. Quaker Wealth Management LLC raised its position in shares of InvenTrust Properties by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after buying an additional 2,894 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in InvenTrust Properties during the second quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.4%

NYSE IVT opened at $29.52 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.04. The company’s 50 day moving average price is $28.67 and its 200 day moving average price is $28.45. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.08 and a beta of 0.86.

InvenTrust Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio is currently 62.09%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Wells Fargo & Company assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. started coverage on shares of InvenTrust Properties in a research report on Friday, October 17th. They set a “neutral” rating and a $30.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.60.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self?managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open?air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long?term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin?off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.