Sterling Capital Management LLC Has $1.19 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Sterling Capital Management LLC grew its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,485 shares of the company’s stock after acquiring an additional 1,897 shares during the quarter. Sterling Capital Management LLC’s holdings in InvenTrust Properties were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IVT. Millstone Evans Group LLC bought a new position in InvenTrust Properties in the fourth quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new position in shares of InvenTrust Properties during the 4th quarter worth about $50,000. Jones Financial Companies Lllp boosted its stake in shares of InvenTrust Properties by 123.3% during the 4th 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 last quarter. FIL Ltd grew its holdings in shares of InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company’s stock valued at $67,000 after acquiring an additional 332 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after acquiring an additional 756 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IVT shares. Wells Fargo & Company reduced their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

InvenTrust Properties Price Performance

NYSE:IVT opened at $27.04 on Wednesday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 150.24, a P/E/G ratio of 3.34 and a beta of 0.93. The stock’s 50 day moving average price is $28.92 and its two-hundred day moving average price is $29.57. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share 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%. On average, analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.2376 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.51%. InvenTrust Properties’s payout ratio is presently 527.78%.

InvenTrust Properties 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.