Y Intercept Hong Kong Ltd reduced its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 60.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,132 shares of the company's stock after selling 23,176 shares during the period. Y Intercept Hong Kong Ltd's holdings in InvenTrust Properties were worth $429,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position 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 acquiring an additional 738,784 shares during the period. Charles Schwab Investment Management Inc. increased its stake in InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock valued at $33,467,000 after purchasing an additional 175,838 shares in the last quarter. Millennium Management LLC raised its holdings in InvenTrust Properties by 13.9% in the second quarter. Millennium Management LLC now owns 998,877 shares of the company's stock worth $24,732,000 after purchasing an additional 122,248 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of InvenTrust Properties by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company's stock worth $20,125,000 after purchasing an additional 35,051 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company's stock valued at $16,472,000 after buying an additional 578,028 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on IVT shares. Wells Fargo & Company raised their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Compass Point boosted their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and increased their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group started coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They issued a "hold" rating and a $33.00 price target on the stock.
Read Our Latest Stock Report on IVT
InvenTrust Properties Stock Down 0.7 %
Shares of InvenTrust Properties stock traded down $0.22 during trading on Tuesday, reaching $30.86. The stock had a trading volume of 351,844 shares, compared to its average volume of 375,185. 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 company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 347.11, a P/E/G ratio of 3.56 and a beta of 0.97. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The stock has a fifty day moving average price of $30.25 and a two-hundred day moving average price of $28.21.
InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results 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 return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million for the quarter. During the same period in the prior year, the business posted $0.41 earnings per share. Sell-side analysts predict that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.
InvenTrust Properties Company Profile
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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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![Institutional Ownership by Quarter for InvenTrust Properties (NYSE:IVT)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=IVT)
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