Geode Capital Management LLC Buys 92,367 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Geode Capital Management LLC grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,816,716 shares of the company’s stock after buying an additional 92,367 shares during the period. Geode Capital Management LLC owned approximately 2.36% of InvenTrust Properties worth $51,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Executive Wealth Management LLC grew its position in InvenTrust Properties by 4.3% in the second quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of InvenTrust Properties by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after purchasing an additional 423 shares in the last quarter. Van ECK Associates Corp increased its position in shares of InvenTrust Properties by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock valued at $258,000 after purchasing an additional 674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares during the last quarter. Finally, CWM LLC boosted its stake in InvenTrust Properties by 9.3% in the third quarter. CWM LLC now owns 9,022 shares of the company’s stock worth $256,000 after buying an additional 766 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.8 %

NYSE:IVT opened at $29.80 on Monday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 331.15, a P/E/G ratio of 3.56 and a beta of 0.97. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $30.32 and a 200 day moving average of $28.35. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million for the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period last year, the business posted $0.41 earnings per share. On average, research analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be issued a $0.2263 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.91 annualized dividend and a yield of 3.04%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is 1,000.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They set a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point upped their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.