Principal Financial Group Inc. Increases Stock Holdings in InvenTrust Properties Corp. $IVT

Principal Financial Group Inc. raised its position in InvenTrust Properties Corp. (NYSE:IVT) by 1.3% in the 3rd quarter, Holdings Channel reports. The fund owned 4,732,791 shares of the company’s stock after purchasing an additional 60,395 shares during the period. Principal Financial Group Inc. owned 0.06% of InvenTrust Properties worth $135,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Significant Wealth Partners LLC lifted its holdings in InvenTrust Properties by 17.9% in the 3rd quarter. Significant Wealth Partners LLC now owns 26,856 shares of the company’s stock worth $769,000 after buying an additional 4,071 shares in the last quarter. AlphaQuest LLC increased its position in shares of InvenTrust Properties by 28.7% during the third quarter. AlphaQuest LLC now owns 14,431 shares of the company’s stock worth $413,000 after acquiring an additional 3,218 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of InvenTrust Properties during the third quarter worth about $234,000. Chilton Capital Management LLC lifted its stake in shares of InvenTrust Properties by 13.8% in the third quarter. Chilton Capital Management LLC now owns 286,754 shares of the company’s stock worth $8,269,000 after acquiring an additional 34,841 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in InvenTrust Properties in the third quarter valued at about $671,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Up 0.4%

Shares of NYSE:IVT opened at $29.52 on Tuesday. The company’s fifty day moving average is $28.67 and its two-hundred day moving average is $28.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.04. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.86.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a $0.2377 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.2%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 62.09%.

Wall Street Analysts Forecast Growth

IVT has been the topic of several analyst reports. JPMorgan Chase & Co. started coverage on InvenTrust Properties in a report on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Wells Fargo & Company started coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average target price of $31.60.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.