InvenTrust Properties Corp. $IVT Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,062 shares of the company’s stock after acquiring an additional 4,073 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of InvenTrust Properties worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IVT. Avalon Trust Co purchased a new position in InvenTrust Properties during the first quarter worth approximately $36,000. Quaker Wealth Management LLC raised its stake in shares of InvenTrust Properties by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock worth $40,000 after buying an additional 2,894 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of InvenTrust Properties during the 2nd quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of InvenTrust Properties during the 1st quarter valued at approximately $57,000. Finally, Bulwark Capital Corp acquired a new stake in InvenTrust Properties in the 2nd quarter valued at $57,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 0.5%

Shares of NYSE IVT opened at $28.16 on Friday. The stock has a market cap of $2.19 billion, a PE ratio of 18.40, a P/E/G ratio of 3.35 and a beta of 0.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12-month low of $25.21 and a 12-month high of $31.65. The company has a 50-day moving average of $28.46 and a 200 day moving average of $28.12.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.37). The business had revenue of $74.47 million during the quarter, compared to analysts’ expectations of $73.57 million. InvenTrust Properties had a return on equity of 6.65% and a net margin of 40.46%. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. As a group, sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is presently 62.09%.

Analyst Upgrades and Downgrades

IVT has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price objective for the company. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of InvenTrust Properties in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective for the company. Finally, Wells Fargo & Company started coverage on InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

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.