InvenTrust Properties Corp. (NYSE:IVT) Position Lessened by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in InvenTrust Properties Corp. (NYSE:IVT) by 39.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,970 shares of the company’s stock after selling 250,908 shares during the quarter. Prudential Financial Inc.’s holdings in InvenTrust Properties were worth $11,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVT. Allworth Financial LP grew its stake in shares of InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock valued at $258,000 after buying an additional 383 shares in the last quarter. US Bancorp DE grew its position in InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company’s stock worth $138,000 after acquiring an additional 756 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of InvenTrust Properties during the 4th quarter worth $27,000. Victory Capital Management Inc. raised its holdings in shares of InvenTrust Properties by 10.7% during the 4th quarter. Victory Capital Management Inc. now owns 9,497 shares of the company’s stock valued at $286,000 after purchasing an additional 920 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake 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. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Down 0.2 %

IVT stock opened at $29.22 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 162.31, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The company has a 50-day moving average of $29.53 and a two-hundred day moving average of $29.74. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week 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 released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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%. 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 3.25%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is presently 527.78%.

Wall Street Analyst Weigh In

IVT has been the topic of several analyst reports. Wells Fargo & Company lowered 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 report on Wednesday. Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.