InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC decreased its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 29.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 880,633 shares of the company's stock after selling 367,778 shares during the period. Centersquare Investment Management LLC owned 1.14% of InvenTrust Properties worth $26,533,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in shares of InvenTrust Properties during the 4th quarter worth $27,000. Jones Financial Companies Lllp lifted its position in InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after buying an additional 1,026 shares during the period. Vestcor Inc acquired a new stake in InvenTrust Properties in the 3rd quarter worth about $104,000. US Bancorp DE grew its holdings in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of InvenTrust Properties by 207.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock valued at $155,000 after acquiring an additional 3,462 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research began coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company cut their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, InvenTrust Properties has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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InvenTrust Properties Trading Down 3.0 %

IVT stock traded down $0.85 during midday trading on Friday, reaching $27.19. 632,325 shares of the company's stock traded hands, compared to its average volume of 407,741. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The business has a 50-day moving average price of $29.48 and a two-hundred day moving average price of $29.72. The company has a market capitalization of $2.11 billion, a P/E ratio of 151.06, a PEG ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

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.