Asset Management One Co. Ltd. Has $4.67 Million Stake in InvenTrust Properties Corp. $IVT

Asset Management One Co. Ltd. lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,322 shares of the company’s stock after purchasing an additional 6,790 shares during the quarter. Asset Management One Co. Ltd.’s holdings in InvenTrust Properties were worth $4,667,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of InvenTrust Properties by 6.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock worth $501,000 after purchasing an additional 1,040 shares during the period. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 2.3% during the first quarter. Principal Financial Group Inc. now owns 4,461,835 shares of the company’s stock worth $131,044,000 after purchasing an additional 99,196 shares during the period. Vanguard Group Inc. raised its position in shares of InvenTrust Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company’s stock worth $320,315,000 after purchasing an additional 181,423 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of InvenTrust Properties by 20.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,823 shares of the company’s stock worth $2,873,000 after purchasing an additional 16,827 shares during the period. Finally, Millennium Management LLC raised its position in shares of InvenTrust Properties by 6.8% during the first quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock worth $77,072,000 after purchasing an additional 166,881 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IVT has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on InvenTrust Properties in a research report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on InvenTrust Properties in a report on Friday, October 17th. They set a “neutral” rating and a $30.00 price target for the company. LADENBURG THALM/SH SH assumed coverage on InvenTrust Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Trading Down 2.4%

Shares of InvenTrust Properties stock opened at $28.23 on Wednesday. The stock has a fifty day simple moving average of $28.89 and a 200 day simple moving average of $28.10. InvenTrust Properties Corp. has a 12-month low of $25.21 and a 12-month high of $31.65. The company has a market capitalization of $2.19 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.86. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is 65.97%.

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.