EntryPoint Capital LLC Has $296,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

EntryPoint Capital LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 7.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,823 shares of the company’s stock after buying an additional 682 shares during the quarter. EntryPoint Capital LLC’s holdings in InvenTrust Properties were worth $296,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after acquiring an additional 738,784 shares during the period. FMR LLC lifted its position in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares during the period. Zimmer Partners LP bought a new stake in InvenTrust Properties during the third quarter worth about $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in InvenTrust Properties by 425.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after buying an additional 374,804 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in InvenTrust Properties in the 4th quarter valued at about $7,109,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IVT shares. Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating for the company. 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. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Price Performance

IVT stock opened at $29.25 on Friday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 162.47, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company has a 50 day simple moving average of $29.52 and a 200 day simple moving average of $29.74. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Research analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%.

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.