HighTower Advisors LLC Reduces Holdings in InvenTrust Properties Corp. (NYSE:IVT)

HighTower Advisors LLC lessened its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 32.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,555 shares of the company's stock after selling 24,753 shares during the quarter. HighTower Advisors LLC owned about 0.07% of InvenTrust Properties worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after acquiring an additional 738,784 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock valued at $33,467,000 after purchasing an additional 175,838 shares during the period. Millennium Management LLC increased its position in InvenTrust Properties by 13.9% during the second quarter. Millennium Management LLC now owns 998,877 shares of the company's stock worth $24,732,000 after purchasing an additional 122,248 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in InvenTrust Properties by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company's stock worth $20,125,000 after purchasing an additional 35,051 shares during the period. Finally, FMR LLC boosted its holdings in InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company's stock valued at $16,472,000 after purchasing an additional 578,028 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.4 %

Shares of IVT stock traded up $0.13 during trading on Monday, reaching $31.08. The company's stock had a trading volume of 348,687 shares, compared to its average volume of 375,281. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 345.33, a P/E/G ratio of 3.56 and a beta of 0.97. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock's 50-day moving average price is $30.21 and its 200 day moving average price is $28.16.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period last year, the business posted $0.41 EPS. On average, research analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About InvenTrust Properties

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.