Principal Financial Group Inc. Grows Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Principal Financial Group Inc. raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,362,639 shares of the company’s stock after buying an additional 245,343 shares during the quarter. Principal Financial Group Inc. owned about 0.06% of InvenTrust Properties worth $131,446,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of InvenTrust Properties by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after buying an additional 35,428 shares during the last quarter. Barclays PLC boosted its stake in InvenTrust Properties by 285.3% in the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after purchasing an additional 80,728 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in InvenTrust Properties in the 3rd quarter worth approximately $1,980,000. Entropy Technologies LP acquired a new stake in InvenTrust Properties in the 4th quarter worth approximately $536,000. Finally, International Assets Investment Management LLC boosted its stake in InvenTrust Properties by 1,823.0% in the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after purchasing an additional 248,050 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

IVT opened at $29.95 on Wednesday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.31 billion, a PE ratio of 332.76, a P/E/G ratio of 3.28 and a beta of 0.96. The firm has a 50 day moving average of $29.84 and a two-hundred day moving average of $29.59.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. On average, analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.2263 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 3.02%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,011.22%.

Analysts Set New Price Targets

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

InvenTrust Properties Company 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.