Commonwealth Equity Services LLC reduced its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 19.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,337 shares of the company's stock after selling 32,871 shares during the period. Commonwealth Equity Services LLC owned approximately 0.17% of InvenTrust Properties worth $3,987,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in IVT. Jones Financial Companies Lllp lifted its holdings in shares of InvenTrust Properties by 123.3% in the 4th 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 valued at approximately $104,000. US Bancorp DE boosted its holdings in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after purchasing an additional 756 shares during the period. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in InvenTrust Properties during the 4th quarter valued at $204,000. 61.70% of the stock is currently owned by institutional investors.
InvenTrust Properties Trading Up 0.1 %
Shares of IVT traded up $0.03 during trading hours on Tuesday, reaching $29.47. 95,024 shares of the company traded hands, compared to its average volume of 426,700. The stock's fifty day moving average price is $29.51 and its 200 day moving average price is $29.75. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 163.69, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.
InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Sell-side analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.
InvenTrust Properties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.23%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's dividend payout ratio is currently 527.78%.
Analysts Set New Price Targets
A number of research firms have weighed in on IVT. Wolfe Research initiated coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $32.00.
Read Our Latest Analysis on IVT
About InvenTrust Properties
(
Free Report)
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.
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