Allstate Corp Buys Shares of 21,975 InvenTrust Properties Corp. (NYSE:IVT)

Allstate Corp purchased a new position in shares of InvenTrust Properties Corp. (NYSE:IVT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,975 shares of the company’s stock, valued at approximately $662,000.

A number of other large investors have also made changes to their positions in the stock. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the fourth quarter worth about $27,000. Jones Financial Companies Lllp boosted its stake in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after acquiring an additional 1,026 shares in the last quarter. Vestcor Inc acquired a new stake in shares of InvenTrust Properties in the 3rd quarter worth approximately $104,000. US Bancorp DE increased its stake in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock worth $155,000 after purchasing an additional 3,462 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 0.6 %

IVT opened at $29.39 on Tuesday. The firm has a market cap of $2.28 billion, a P/E ratio of 163.25, a PEG ratio of 3.34 and a beta of 0.96. The business’s fifty day simple moving average is $29.53 and its 200 day simple moving average is $29.75. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last released 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%. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.2376 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.23%. InvenTrust Properties’s payout ratio is 527.78%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wolfe Research started coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.