OVERSEA CHINESE BANKING Corp Ltd Sells 19,533 Shares of InvenTrust Properties Corp. (NYSE:IVT)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 32.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,067 shares of the company's stock after selling 19,533 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.05% of InvenTrust Properties worth $1,137,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IVT. Vanguard Group Inc. grew its stake in shares of InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company's stock valued at $246,512,000 after purchasing an additional 91,579 shares during the period. International Assets Investment Management LLC raised its stake in InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company's stock worth $7,423,000 after acquiring an additional 248,050 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of InvenTrust Properties by 108.6% during the second quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company's stock valued at $1,179,000 after acquiring an additional 24,791 shares during the period. Vanderbilt University acquired a new stake in shares of InvenTrust Properties in the 3rd quarter valued at $742,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after purchasing an additional 681 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Price Performance

NYSE:IVT traded down $0.24 during mid-day trading on Wednesday, reaching $30.37. 276,380 shares of the company were exchanged, compared to its average volume of 379,367. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.34 billion, a PE ratio of 340.48, a PEG ratio of 3.68 and a beta of 0.97. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.37. The company has a fifty day moving average of $29.46 and a 200 day moving average of $27.20.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released 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). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The company had revenue of $68.52 million for the quarter. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, research analysts anticipate that InvenTrust Properties Corp. will post 1.72 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.98%. InvenTrust Properties's dividend payout ratio (DPR) is currently 1,011.22%.

Analysts Set New Price Targets

Several brokerages recently issued reports on IVT. Bank of America raised 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 report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Compass Point increased their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th.

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.