Legal & General Group Plc Buys 50,610 Shares of InvenTrust Properties Corp. $IVT

Legal & General Group Plc raised its stake in InvenTrust Properties Corp. (NYSE:IVT) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 440,373 shares of the company’s stock after buying an additional 50,610 shares during the period. Legal & General Group Plc’s holdings in InvenTrust Properties were worth $12,423,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares during the last quarter. Global Retirement Partners LLC raised its position in InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after purchasing an additional 621 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of InvenTrust Properties during the third quarter valued at about $43,000. Danske Bank A S grew its holdings in shares of InvenTrust Properties by 220.0% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of InvenTrust Properties by 208.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,696 shares of the company’s stock valued at $49,000 after buying an additional 1,146 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $32.93 on Wednesday. The business’s 50 day simple moving average is $31.79 and its 200 day simple moving average is $30.25. InvenTrust Properties Corp. has a one year low of $26.52 and a one year high of $33.47. The stock has a market capitalization of $2.57 billion, a PE ratio of 23.35, a PEG ratio of 2.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, research analysts forecast that InvenTrust Properties Corp. will post 1.99 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.25 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 31st. InvenTrust Properties’s payout ratio is 70.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IVT shares. JPMorgan Chase & Co. lifted their target price on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. KeyCorp assumed coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They set an “overweight” rating and a $35.00 price target for the company. Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, May 20th. Finally, Bank of America increased their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.17.

InvenTrust Properties Company Profile

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.