EntryPoint Capital LLC Has $296,000 Position in InvenTrust Properties Corp. (NYSE:IVT)

EntryPoint Capital LLC grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,823 shares of the company’s stock after buying an additional 682 shares during the quarter. EntryPoint Capital LLC’s holdings in InvenTrust Properties were worth $296,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IVT. Corebridge Financial Inc. boosted its holdings in shares of InvenTrust Properties by 5.8% in the 4th quarter. Corebridge Financial Inc. now owns 38,539 shares of the company’s stock valued at $1,161,000 after buying an additional 2,101 shares during the last quarter. LPL Financial LLC raised its position in InvenTrust Properties by 6.3% during the fourth quarter. LPL Financial LLC now owns 157,959 shares of the company’s stock worth $4,759,000 after acquiring an additional 9,360 shares in the last quarter. Fox Run Management L.L.C. lifted its stake in InvenTrust Properties by 26.4% in the fourth quarter. Fox Run Management L.L.C. now owns 27,363 shares of the company’s stock valued at $824,000 after acquiring an additional 5,713 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of InvenTrust Properties in the 4th quarter valued at about $473,000. Finally, Sei Investments Co. increased its stake in shares of InvenTrust Properties by 13.7% during the 4th quarter. Sei Investments Co. now owns 39,144 shares of the company’s stock worth $1,179,000 after purchasing an additional 4,717 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on IVT. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded 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. Finally, Wells Fargo & Company dropped their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Stock Down 0.5 %

InvenTrust Properties stock opened at $29.25 on Friday. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The stock has a market cap of $2.27 billion, a P/E ratio of 162.47, a P/E/G ratio of 3.34 and a beta of 0.96. The company’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $29.74. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last announced 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 return on equity of 0.83% and a net margin of 4.99%. As a group, analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is presently 527.78%.

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.