State Street Corp Lowers Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

State Street Corp reduced its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,479,541 shares of the company's stock after selling 29,346 shares during the quarter. State Street Corp owned about 3.21% of InvenTrust Properties worth $70,905,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in 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 acquiring an additional 738,784 shares during the period. FMR LLC raised its holdings in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company's stock worth $16,472,000 after purchasing an additional 578,028 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in InvenTrust Properties by 425.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company's stock worth $13,132,000 after purchasing an additional 374,804 shares in the last quarter. International Assets Investment Management LLC grew its holdings in InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company's stock valued at $7,423,000 after purchasing an additional 248,050 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in InvenTrust Properties in the second quarter valued at $4,445,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IVT. Jefferies Financial Group assumed coverage on InvenTrust Properties in a research note on Tuesday, November 19th. They set a "hold" rating and a $33.00 price target for the company. Wells Fargo & Company upped their price target 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 raised their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Finally, Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd.

InvenTrust Properties Price Performance

IVT stock traded down $1.14 during trading on Wednesday, hitting $29.71. The stock had a trading volume of 528,835 shares, compared to its average volume of 375,814. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 330.15, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The company's 50 day moving average price is $30.28 and its two-hundred day moving average price is $28.25. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share 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 during the quarter. During the same period in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

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.