InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 21.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,117,296 shares of the company’s stock after acquiring an additional 738,784 shares during the period. Principal Financial Group Inc. owned about 0.06% of InvenTrust Properties worth $116,808,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of InvenTrust Properties during the 1st quarter worth about $737,000. Vanguard Group Inc. grew its stake in InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after buying an additional 91,579 shares during the period. International Assets Investment Management LLC increased its position in shares of InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after acquiring an additional 248,050 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of InvenTrust Properties by 108.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock valued at $1,179,000 after acquiring an additional 24,791 shares during the period. Finally, Vanderbilt University acquired a new position in shares of InvenTrust Properties during the 3rd quarter valued at $742,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Compass Point raised their target price on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company boosted their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $30.94 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The company’s fifty day moving average price is $29.40 and its two-hundred day moving average price is $27.09. The firm has a market capitalization of $2.39 billion, a P/E ratio of 343.82, a P/E/G ratio of 3.68 and a beta of 0.97. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.20.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter last year, the business posted $0.41 EPS. On average, research analysts anticipate that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s payout ratio is currently 1,011.22%.

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.