Quest Partners LLC Reduces Position in InvenTrust Properties Corp. (NYSE:IVT)

Quest Partners LLC decreased its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 54.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,801 shares of the company's stock after selling 41,008 shares during the quarter. Quest Partners LLC's holdings in InvenTrust Properties were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. bought a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $27,000. Creekmur Asset Management LLC boosted its position in InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock valued at $46,000 after acquiring an additional 795 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of InvenTrust Properties during the 2nd quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 acquiring an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC lifted 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 period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Up 0.4 %

NYSE IVT traded up $0.11 during mid-day trading on Thursday, reaching $30.91. The stock had a trading volume of 309,483 shares, compared to its average volume of 376,472. The company has a fifty day moving average price of $29.60 and a 200 day moving average price of $27.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.37. The stock has a market cap of $2.38 billion, a PE ratio of 345.59, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (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 quarter in the prior year, the firm posted $0.41 earnings per share. On average, research analysts expect that InvenTrust Properties Corp. will post 1.75 earnings per share for the current year.

InvenTrust Properties Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Compass Point upped their price objective on shares of 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 InvenTrust Properties in a research report on Tuesday. They set a "hold" rating and a $33.00 price objective for the company. Finally, Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $30.00 to $33.00 in a 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.