Connor Clark & Lunn Investment Management Ltd. Increases Position in InvenTrust Properties Corp. (NYSE:IVT)

Connor Clark & Lunn Investment Management Ltd. increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 957.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,996 shares of the company’s stock after acquiring an additional 73,337 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in InvenTrust Properties were worth $2,440,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of InvenTrust Properties by 6.0% in the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after purchasing an additional 245,343 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of InvenTrust Properties by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock valued at $51,550,000 after purchasing an additional 92,367 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of InvenTrust Properties by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock valued at $38,507,000 after purchasing an additional 98,366 shares in the last quarter. FMR LLC increased its holdings in shares of InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of InvenTrust Properties by 6.8% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.00 on Wednesday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 161.08, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company’s 50-day moving average price is $29.52 and its 200 day moving average price is $29.76. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 500.00%.

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.