Commonwealth Equity Services LLC Sells 32,871 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Commonwealth Equity Services LLC trimmed its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,337 shares of the company's stock after selling 32,871 shares during the period. Commonwealth Equity Services LLC owned about 0.17% of InvenTrust Properties worth $3,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares during the last quarter. Vestcor Inc bought a new stake in shares of InvenTrust Properties in the 3rd quarter worth approximately $104,000. US Bancorp DE lifted its stake in InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in InvenTrust Properties by 207.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after buying an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of InvenTrust Properties during the 4th quarter valued at $204,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Price Performance

NYSE IVT traded down $0.16 during trading hours on Thursday, hitting $29.25. The company had a trading volume of 423,090 shares, compared to its average volume of 385,902. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 162.47, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The firm has a 50 day simple moving average of $29.52 and a 200 day simple moving average of $29.75.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating 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 expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's payout ratio is 527.78%.

Wall Street Analyst Weigh In

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

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.