Mirae Asset Global Investments Co. Ltd. Has $44,000 Stock Holdings in InvenTrust Properties Corp. $IVT

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 23.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,604 shares of the company’s stock after selling 479 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in InvenTrust Properties were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of InvenTrust Properties by 1.7% in the first quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company’s stock valued at $320,315,000 after acquiring an additional 181,423 shares during the period. Principal Financial Group Inc. boosted its holdings in InvenTrust Properties by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 4,461,835 shares of the company’s stock valued at $131,044,000 after purchasing an additional 99,196 shares during the period. Millennium Management LLC boosted its holdings in InvenTrust Properties by 6.8% in the 1st quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock valued at $77,072,000 after purchasing an additional 166,881 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of InvenTrust Properties by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,314,430 shares of the company’s stock worth $38,605,000 after purchasing an additional 36,397 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of InvenTrust Properties during the first quarter worth approximately $30,620,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $27.24 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. InvenTrust Properties Corp. has a 52 week low of $25.21 and a 52 week high of $31.65. The stock has a market capitalization of $2.11 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.86. The stock has a fifty day moving average of $28.77 and a 200-day moving average of $28.05.

InvenTrust Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.2377 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.5%. InvenTrust Properties’s dividend payout ratio is 65.97%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IVT. LADENBURG THALM/SH SH began coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target for the company. Wells Fargo & Company upped their target price on InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of InvenTrust Properties in a report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

InvenTrust Properties Company 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.