SG Americas Securities LLC raised its stake in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 721.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,312 shares of the company’s stock after buying an additional 199,655 shares during the quarter. SG Americas Securities LLC owned about 0.29% of InvenTrust Properties worth $6,412,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of IVT. Principal Financial Group Inc. boosted its stake in InvenTrust Properties by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,732,791 shares of the company’s stock worth $135,453,000 after acquiring an additional 60,395 shares during the last quarter. Vision Capital Corp increased its stake in InvenTrust Properties by 11.8% in the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after purchasing an additional 116,402 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in InvenTrust Properties by 5.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,008,310 shares of the company’s stock worth $28,858,000 after purchasing an additional 49,336 shares during the period. Balyasny Asset Management L.P. raised its holdings in InvenTrust Properties by 111.1% in the second quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company’s stock worth $26,528,000 after purchasing an additional 509,518 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of InvenTrust Properties by 38.6% during the third quarter. Qube Research & Technologies Ltd now owns 849,621 shares of the company’s stock worth $24,316,000 after purchasing an additional 236,748 shares in the last quarter. 61.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. KeyCorp started coverage on shares of InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target for the company. Wells Fargo & Company lifted their target price on InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 target price (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average target price of $32.33.
InvenTrust Properties Price Performance
Shares of NYSE IVT opened at $30.45 on Wednesday. The company has a fifty day moving average price of $30.52 and a 200 day moving average price of $29.15. The firm has a market cap of $2.37 billion, a PE ratio of 21.29, a PEG ratio of 2.91 and a beta of 0.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.46. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $32.63.
InvenTrust Properties (NYSE:IVT – Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.42). The firm had revenue of $77.38 million during the quarter, compared to analyst estimates of $76.23 million. InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. Research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.
InvenTrust Properties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio (DPR) is presently 66.43%.
InvenTrust Properties Profile
InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.
The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.
InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.
Further Reading
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