Nomura Asset Management Co. Ltd. Has $2.99 Million Holdings in InvenTrust Properties Corp. $IVT

Nomura Asset Management Co. Ltd. raised its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,980 shares of the company’s stock after purchasing an additional 3,600 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.14% of InvenTrust Properties worth $2,986,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of InvenTrust Properties by 1.7% in the first quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company’s stock valued at $320,315,000 after buying an additional 181,423 shares during the period. Millennium Management LLC raised its holdings in InvenTrust Properties by 6.8% in the 1st quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock valued at $77,072,000 after acquiring an additional 166,881 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of InvenTrust Properties by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,314,430 shares of the company’s stock valued at $38,605,000 after acquiring an additional 36,397 shares during the period. Nuveen LLC acquired a new stake in shares of InvenTrust Properties during the 1st quarter worth $30,620,000. Finally, Goldman Sachs Group Inc. increased its position in shares of InvenTrust Properties by 66.0% in the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after purchasing an additional 276,474 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Price Performance

Shares of IVT opened at $28.44 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.21 billion, a PE ratio of 18.58, a PEG ratio of 3.04 and a beta of 0.86. InvenTrust Properties Corp. has a 12-month low of $25.21 and a 12-month high of $31.65. The business has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $28.11.

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

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, September 30th. InvenTrust Properties’s payout ratio is presently 62.09%.

InvenTrust Properties Company 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.