Sumitomo Mitsui Trust Group Inc. Buys 5,221 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Sumitomo Mitsui Trust Group Inc. boosted its stake in InvenTrust Properties Corp. (NYSE:IVT) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 81,470 shares of the company’s stock after purchasing an additional 5,221 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in InvenTrust Properties were worth $2,311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Farmers & Merchants Investments Inc. bought a new stake in shares of InvenTrust Properties during the 3rd quarter valued at $27,000. Creekmur Asset Management LLC boosted its holdings in shares of InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after buying an additional 795 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of InvenTrust Properties during the 2nd quarter valued at $57,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its holdings in shares of InvenTrust Properties by 23.3% during the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after buying an additional 693 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT opened at $30.52 on Tuesday. The stock has a 50-day moving average price of $29.51 and a 200-day moving average price of $27.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a market cap of $2.35 billion, a PE ratio of 339.11, a P/E/G ratio of 3.63 and a beta of 0.97. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.37.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The business had revenue of $68.52 million during the quarter. During the same period last year, the business posted $0.41 earnings per share. Sell-side analysts predict that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 1,000.00%.

Analyst Ratings Changes

A number of analysts have recently commented on IVT shares. Compass Point boosted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company lifted their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd.

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.