Johnson Financial Group LLC Sells 451 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Johnson Financial Group LLC reduced its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,533 shares of the company’s stock after selling 451 shares during the period. Johnson Financial Group LLC’s holdings in InvenTrust Properties were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVT. Allworth Financial LP increased its position in shares of InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock valued at $258,000 after purchasing an additional 383 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares during the period. Creekmur Asset Management LLC increased its holdings in InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after buying an additional 795 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in InvenTrust Properties by 6.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 13,723 shares of the company’s stock worth $389,000 after acquiring an additional 882 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new position in InvenTrust Properties in the third quarter valued at about $27,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Up 0.1 %

IVT stock opened at $29.61 on Wednesday. The stock has a fifty day moving average of $29.70 and a 200-day moving average of $29.68. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 164.51, a PEG ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last issued its 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, equities research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.2263 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 30th. This represents a $0.91 dividend on an annualized basis and a yield of 3.06%. InvenTrust Properties’s payout ratio is presently 500.00%.

Analyst Ratings Changes

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

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.