InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,344 shares of the company’s stock after acquiring an additional 1,849 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in InvenTrust Properties were worth $337,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in InvenTrust Properties by 6.0% in the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after purchasing an additional 245,343 shares in the last quarter. Millennium Management LLC grew its stake in InvenTrust Properties by 51.9% in the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock worth $74,039,000 after purchasing an additional 839,541 shares in the last quarter. Geode Capital Management LLC grew its stake in InvenTrust Properties by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock worth $58,366,000 after purchasing an additional 120,014 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in InvenTrust Properties by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock worth $38,507,000 after purchasing an additional 98,366 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in InvenTrust Properties by 35.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after purchasing an additional 315,380 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $28.43 on Monday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $28.08 and a two-hundred day moving average of $29.35. InvenTrust Properties Corp. has a 52 week low of $23.69 and a 52 week high of $31.65. The company has a market cap of $2.21 billion, a P/E ratio of 157.94, a PEG ratio of 3.34 and a beta of 0.93.

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 paid a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties’s payout ratio is presently 413.04%.

Wall Street Analyst Weigh In

A number of research firms recently commented on IVT. Wells Fargo & Company decreased their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, BTIG Research began coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a “buy” rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus 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.