InvenTrust Properties Corp. (NYSE:IVT) Stock Holdings Boosted by Adelante Capital Management LLC

Adelante Capital Management LLC raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 424,769 shares of the company’s stock after purchasing an additional 60,824 shares during the quarter. InvenTrust Properties comprises 0.8% of Adelante Capital Management LLC’s portfolio, making the stock its 28th largest holding. Adelante Capital Management LLC owned about 0.55% of InvenTrust Properties worth $12,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVT. Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after acquiring an additional 245,343 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of InvenTrust Properties by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock valued at $58,366,000 after acquiring an additional 120,014 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock valued at $38,507,000 after acquiring an additional 98,366 shares during the last quarter. Northern Trust Corp lifted its position in shares of InvenTrust Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 1,014,739 shares of the company’s stock valued at $30,574,000 after acquiring an additional 275,737 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of InvenTrust Properties by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company’s stock valued at $27,366,000 after acquiring an additional 77,299 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Trading Down 0.4 %

NYSE IVT opened at $27.97 on Wednesday. InvenTrust Properties Corp. has a 1-year low of $23.69 and a 1-year high of $31.65. 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 has a market capitalization of $2.17 billion, a PE ratio of 155.39, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The firm’s fifty day simple moving average is $28.41 and its 200-day simple moving average is $29.47.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share 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%. As a group, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is 527.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IVT shares. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. BTIG Research started coverage on InvenTrust Properties in a report on Monday. They issued a “buy” rating and a $31.00 target price for the company. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company reduced their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, InvenTrust Properties has an average rating of “Moderate Buy” and an average target price of $31.80.

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.