Sumitomo Mitsui DS Asset Management Company Ltd Buys 4,499 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in InvenTrust Properties Corp. (NYSE:IVT) by 37.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,365 shares of the company’s stock after acquiring an additional 4,499 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in InvenTrust Properties were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after buying an additional 738,784 shares during the period. Geode Capital Management LLC grew its holdings in shares of InvenTrust Properties by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock worth $51,550,000 after purchasing an additional 92,367 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after purchasing an additional 175,838 shares in the last quarter. FMR LLC grew its holdings in shares of InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 worth $15,682,000 after purchasing an additional 35,428 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

Shares of IVT stock opened at $30.60 on Thursday. The stock’s fifty day simple moving average is $29.88 and its 200 day simple moving average is $29.52. 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 $2.36 billion, a price-to-earnings ratio of 340.04, a P/E/G ratio of 3.28 and a beta of 0.96. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. On average, analysts expect that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.2263 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.91 dividend on an annualized basis and a yield of 2.96%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is currently 1,011.22%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

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.