Wolverine Asset Management LLC Sells 35,517 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Wolverine Asset Management LLC lowered its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 66.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,227 shares of the company’s stock after selling 35,517 shares during the quarter. Wolverine Asset Management LLC’s holdings in InvenTrust Properties were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in InvenTrust Properties by 21.9% during the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after buying an additional 738,784 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in InvenTrust Properties in the 3rd quarter worth $327,000. Asset Management One Co. Ltd. lifted its position in InvenTrust Properties by 4.2% during the third quarter. Asset Management One Co. Ltd. now owns 155,058 shares of the company’s stock valued at $4,399,000 after purchasing an additional 6,251 shares in the last quarter. Van ECK Associates Corp grew its holdings in InvenTrust Properties by 12.3% during the third quarter. Van ECK Associates Corp now owns 11,711 shares of the company’s stock valued at $345,000 after purchasing an additional 1,285 shares during the period. Finally, US Bancorp DE increased its position in InvenTrust Properties by 39.8% in the third quarter. US Bancorp DE now owns 3,810 shares of the company’s stock worth $108,000 after buying an additional 1,085 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.8 %

IVT opened at $30.37 on Thursday. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.37. 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 stock has a 50-day moving average of $29.48 and a 200 day moving average of $27.22. The firm has a market cap of $2.34 billion, a P/E ratio of 337.48, a P/E/G ratio of 3.68 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the previous year, the business earned $0.41 EPS. As a group, research analysts forecast that InvenTrust Properties Corp. will post 1.72 EPS for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued 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 payout ratio is 1,011.22%.

Analysts Set New Price Targets

Several research firms recently issued reports on IVT. Wells Fargo & Company increased their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock 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 company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd.

InvenTrust Properties 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.