International Assets Investment Management LLC increased its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 1,823.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,657 shares of the company's stock after purchasing an additional 248,050 shares during the quarter. International Assets Investment Management LLC owned approximately 0.39% of InvenTrust Properties worth $7,423,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of IVT. Executive Wealth Management LLC grew its position in shares of InvenTrust Properties by 4.3% in the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company's stock valued at $240,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in InvenTrust Properties by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company's stock valued at $470,000 after purchasing an additional 423 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in InvenTrust Properties by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company's stock worth $745,000 after purchasing an additional 565 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of InvenTrust Properties by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company's stock worth $258,000 after purchasing an additional 674 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in shares of InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock valued at $91,000 after purchasing an additional 693 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.
InvenTrust Properties Stock Up 0.5 %
Shares of IVT stock traded up $0.16 on Friday, hitting $29.61. The stock had a trading volume of 195,169 shares, compared to its average volume of 375,123. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 1.24. The business has a 50 day moving average of $29.26 and a 200 day moving average of $26.85. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $30.33. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 327.26, a price-to-earnings-growth ratio of 3.62 and a beta of 0.98.
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 business had revenue of $68.52 million for the quarter. During the same period last year, the firm earned $0.41 earnings per share. As a group, analysts expect that InvenTrust Properties Corp. will post 1.72 EPS for the current year.
InvenTrust Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties's dividend payout ratio (DPR) is currently 1,011.22%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on IVT. Compass Point boosted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd.
Read Our Latest Stock Report 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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