Principal Financial Group Inc. grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,729,381 shares of the company’s stock after purchasing an additional 1,539,672 shares during the period. Principal Financial Group Inc. owned approximately 0.10% of InvenTrust Properties worth $235,438,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Lazard Asset Management LLC raised its stake in InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after buying an additional 465 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in InvenTrust Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after buying an additional 570 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in InvenTrust Properties by 7.5% in the fourth quarter. International Assets Investment Management LLC now owns 8,138 shares of the company’s stock worth $230,000 after acquiring an additional 571 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after acquiring an additional 621 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research report on Friday, June 12th. Weiss Ratings cut shares of InvenTrust Properties from a “buy (a-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Bank of America boosted their target price on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Wall Street Zen upgraded shares of InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, InvenTrust Properties presently has an average rating of “Buy” and an average price target of $34.71.
InvenTrust Properties Price Performance
Shares of NYSE IVT opened at $35.51 on Wednesday. The business’s 50 day moving average price is $33.83 and its 200 day moving average price is $31.65. The firm has a market cap of $2.77 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.89 and a beta of 0.78. InvenTrust Properties Corp. has a 52 week low of $26.65 and a 52 week high of $36.27. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54.
InvenTrust Properties (NYSE:IVT – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. The company had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.99 earnings per share for the current year.
InvenTrust Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. InvenTrust Properties’s dividend payout ratio is presently 70.92%.
About InvenTrust Properties
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.
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