Northwestern Mutual Wealth Management Co. Acquires 116,226 Shares of InvenTrust Properties Corp. $IVT

Northwestern Mutual Wealth Management Co. raised its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1,756.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,844 shares of the company’s stock after purchasing an additional 116,226 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in InvenTrust Properties were worth $3,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares in the last quarter. Avalon Trust Co bought a new position in shares of InvenTrust Properties during the third quarter valued at approximately $43,000. Danske Bank A S increased its stake 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 valued at $45,000 after purchasing an additional 1,100 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of InvenTrust Properties by 208.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,696 shares of the company’s stock valued at $49,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of InvenTrust Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IVT. KeyCorp began coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They set an “overweight” rating and a $35.00 target price for the company. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company raised their target price on shares of InvenTrust Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. raised their price target on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

InvenTrust Properties Price Performance

Shares of IVT opened at $32.90 on Monday. The company has a market capitalization of $2.56 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $31.61 and a 200 day moving average of $30.01. InvenTrust Properties Corp. has a twelve month low of $26.52 and a twelve month high of $33.19.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.99 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

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

InvenTrust Properties 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.