InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in InvenTrust Properties Corp. (NYSE:IVT) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,363 shares of the company’s stock after purchasing an additional 5,713 shares during the quarter. Fox Run Management L.L.C.’s holdings in InvenTrust Properties were worth $824,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after purchasing an additional 35,428 shares during the period. Barclays PLC grew its position in shares of InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after purchasing an additional 80,728 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of InvenTrust Properties in the third quarter valued at $1,980,000. Entropy Technologies LP purchased a new stake in shares of InvenTrust Properties in the fourth quarter valued at $536,000. Finally, Rhumbline Advisers grew its position in shares of InvenTrust Properties by 11.2% in the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock valued at $4,092,000 after purchasing an additional 13,722 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

IVT stock opened at $28.59 on Monday. The stock has a 50-day moving average price of $29.50 and a two-hundred day moving average price of $29.75. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.21 billion, a PE ratio of 158.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last posted its quarterly 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, research analysts predict 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. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.32%. InvenTrust Properties’s dividend payout ratio is presently 527.78%.

Analysts Set New Price Targets

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