Van Lanschot Kempen Investment Management N.V. Lowers Stake in InvenTrust Properties Corp. (NYSE:IVT)

Van Lanschot Kempen Investment Management N.V. lessened its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,368 shares of the company’s stock after selling 506 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in InvenTrust Properties were worth $4,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after buying an additional 35,428 shares in the last quarter. Barclays PLC raised its position in InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after acquiring an additional 80,728 shares during the period. Entropy Technologies LP acquired a new stake in shares of InvenTrust Properties in the fourth quarter valued at about $536,000. New Age Alpha Advisors LLC purchased a new stake in shares of InvenTrust Properties during the fourth quarter worth about $848,000. Finally, Rhumbline Advisers increased its stake in shares of InvenTrust Properties by 11.2% during the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after purchasing an additional 13,722 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 1.8 %

Shares of IVT stock opened at $26.97 on Tuesday. InvenTrust Properties Corp. has a twelve month low of $23.69 and a twelve month high of $31.65. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 149.83, a PEG ratio of 3.34 and a beta of 0.93. The company’s 50-day moving average price is $28.69 and its 200-day moving average price is $29.53. The company has a current ratio of 1.99, a quick 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 the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, equities analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.52%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is currently 527.78%.

Wall Street Analyst Weigh In

IVT has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wolfe Research initiated coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Company 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.