Wolverine Asset Management LLC Has $517,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

Wolverine Asset Management LLC trimmed its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 66.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,227 shares of the company's stock after selling 35,517 shares during the period. Wolverine Asset Management LLC's holdings in InvenTrust Properties were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings 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 valued at $116,808,000 after purchasing an additional 738,784 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of InvenTrust Properties by 1,823.0% in the 3rd 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. Savant Capital LLC acquired a new position in InvenTrust Properties in the 2nd quarter valued at about $4,445,000. Seven Grand Managers LLC acquired a new position in InvenTrust Properties in the 3rd quarter valued at about $3,575,000. Finally, Millennium Management LLC increased its position in InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company's stock valued at $24,732,000 after acquiring an additional 122,248 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on IVT. Bank of America upgraded 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 research report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Finally, Compass Point boosted their target price 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 Stock Performance

NYSE IVT traded down $0.21 during trading hours on Thursday, reaching $30.16. The company's stock had a trading volume of 257,300 shares, compared to its average volume of 378,815. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $29.48 and a 200 day simple moving average of $27.22. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.37. The stock has a market cap of $2.33 billion, a PE ratio of 334.56, a PEG ratio of 3.68 and a beta of 0.97.

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

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.00%. InvenTrust Properties's payout ratio is currently 1,000.00%.

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.