Bleakley Financial Group LLC Makes New Investment in InvenTrust Properties Corp. (NYSE:IVT)

Bleakley Financial Group LLC acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) in the fourth quarter, HoldingsChannel reports. The firm acquired 22,246 shares of the company’s stock, valued at approximately $670,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in InvenTrust Properties by 6.8% during the 3rd 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 in the last quarter. Barclays PLC grew its holdings in shares of InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after purchasing an additional 80,728 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in InvenTrust Properties in the third quarter worth $1,980,000. International Assets Investment Management LLC raised its stake in InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after purchasing an additional 248,050 shares in the last quarter. Finally, FMR LLC lifted its position in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

InvenTrust Properties Stock Performance

NYSE:IVT opened at $30.17 on Monday. The firm has a market capitalization of $2.33 billion, a PE ratio of 335.26, a PEG ratio of 3.28 and a beta of 0.96. The stock’s fifty day moving average is $29.92 and its 200 day moving average is $29.46. 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 debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.91 annualized dividend and a dividend yield of 3.00%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend 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.