Greenland Capital Management LP Increases Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Greenland Capital Management LP increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,607 shares of the company’s stock after purchasing an additional 11,607 shares during the period. Greenland Capital Management LP owned approximately 0.05% of InvenTrust Properties worth $1,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in InvenTrust Properties during the 4th quarter valued at about $50,000. Jones Financial Companies Lllp grew its position in 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 during the last quarter. FIL Ltd increased its stake in shares of InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock worth $67,000 after buying an additional 332 shares during the period. Finally, Vestcor Inc purchased a new position in InvenTrust Properties during the 3rd quarter valued at about $104,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Stock Down 2.1 %

Shares of IVT opened at $26.60 on Tuesday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 147.78, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The firm has a fifty day moving average price of $29.42 and a 200-day moving average price of $29.69. The company has a current ratio of 1.99, a quick 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 EPS for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Equities research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared 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. 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 3.57%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

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.