InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 957.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,996 shares of the company’s stock after buying an additional 73,337 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of InvenTrust Properties worth $2,440,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IVT. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of InvenTrust Properties by 6.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,470 shares of the company’s stock valued at $2,311,000 after buying an additional 5,221 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in InvenTrust Properties in the 3rd quarter valued at $1,980,000. Jennison Associates LLC purchased a new stake in InvenTrust Properties in the 3rd quarter valued at $664,000. Intech Investment Management LLC purchased a new stake in InvenTrust Properties in the 3rd quarter valued at $584,000. Finally, Charles Schwab Investment Management Inc. raised its position in InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

InvenTrust Properties Stock Down 0.3 %

IVT stock opened at $29.00 on Wednesday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 161.08, a price-to-earnings-growth 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. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a fifty day moving average price of $29.52 and a 200 day moving average price of $29.76.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS 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%. Sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. The ex-dividend date is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.28%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is presently 500.00%.

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.