FORA Capital LLC Invests $623,000 in InvenTrust Properties Corp. (NYSE:IVT)

FORA Capital LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 21,974 shares of the company's stock, valued at approximately $623,000.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after purchasing an additional 738,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock valued at $33,467,000 after buying an additional 175,838 shares during the last quarter. Millennium Management LLC lifted its stake in InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company's stock valued at $24,732,000 after acquiring an additional 122,248 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in InvenTrust Properties by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company's stock valued at $20,125,000 after acquiring an additional 35,051 shares in the last quarter. Finally, FMR LLC boosted its holdings in InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company's stock worth $16,472,000 after acquiring an additional 578,028 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Compass Point raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Jefferies Financial Group assumed coverage on shares of InvenTrust Properties in a research report on Tuesday, November 19th. They set a "hold" rating and a $33.00 target price on the stock. Wells Fargo & Company upped their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Finally, Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd.

InvenTrust Properties Stock Performance

Shares of IVT stock traded down $0.33 during trading hours on Friday, hitting $30.97. 288,517 shares of the company were exchanged, compared to its average volume of 377,362. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $29.74 and a 200 day simple moving average of $27.63. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 347.82, a P/E/G ratio of 3.61 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same quarter in the previous year, the company earned $0.41 earnings per share. Research analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.92%. InvenTrust Properties's payout ratio is 1,011.22%.

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.