InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Greenland Capital Management LP

Greenland Capital Management LP boosted its stake in InvenTrust Properties Corp. (NYSE:IVT) by 38.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,607 shares of the company’s stock after buying an additional 11,607 shares during the period. Greenland Capital Management LP’s holdings in InvenTrust Properties were worth $1,254,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IVT. Bernard Wealth Management Corp. purchased a new position in shares of InvenTrust Properties in the 4th quarter valued at about $50,000. Renaissance Technologies LLC lifted its holdings in InvenTrust Properties by 53.1% during the 4th quarter. Renaissance Technologies LLC now owns 331,200 shares of the company’s stock worth $9,979,000 after buying an additional 114,900 shares during the last quarter. FIL Ltd boosted its position in shares of InvenTrust Properties by 17.4% during the 4th quarter. FIL Ltd now owns 2,240 shares of the company’s stock worth $67,000 after acquiring an additional 332 shares in the last quarter. Legal & General Group Plc raised its position in shares of InvenTrust Properties by 1.2% during the 4th quarter. Legal & General Group Plc now owns 407,621 shares of the company’s stock worth $12,282,000 after acquiring an additional 4,673 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in InvenTrust Properties by 1.0% in the fourth quarter. Invesco Ltd. now owns 245,541 shares of the company’s stock valued at $7,398,000 after purchasing an additional 2,348 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 2.1 %

IVT stock opened at $26.60 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $29.42 and its 200 day moving average price is $29.69. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a market cap of $2.06 billion, a P/E ratio of 147.78, a P/E/G ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is currently 527.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IVT. Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two equities 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 company presently has an average 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.