Nomura Asset Management Co. Ltd. Purchases 10,110 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Nomura Asset Management Co. Ltd. grew its position in InvenTrust Properties Corp. (NYSE:IVT) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 94,560 shares of the company’s stock after buying an additional 10,110 shares during the period. Nomura Asset Management Co. Ltd. owned 0.12% of InvenTrust Properties worth $2,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new stake in InvenTrust Properties in the third quarter worth about $27,000. Creekmur Asset Management LLC grew its position in shares of InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after buying an additional 795 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of InvenTrust Properties during the 2nd quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after buying an additional 693 shares during the period. Institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on IVT shares. Jefferies Financial Group began coverage on shares of InvenTrust Properties in a research report on Tuesday, November 19th. They set a “hold” rating and a $33.00 target price for the company. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Compass Point increased their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th.

InvenTrust Properties Price Performance

IVT opened at $30.95 on Friday. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.39 billion, a P/E ratio of 343.89, a P/E/G ratio of 3.56 and a beta of 0.97. The company has a fifty day simple moving average of $30.21 and a 200 day simple moving average of $28.13.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (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 net margin of 2.52% and a return on equity of 0.42%. During the same period in the previous year, the company earned $0.41 EPS. On average, research analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. InvenTrust Properties’s payout ratio is 1,000.00%.

About InvenTrust Properties

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.