Signature Estate & Investment Advisors LLC Sells 3,956 Shares of InvenTrust Properties Corp. $IVT

Signature Estate & Investment Advisors LLC trimmed its position in InvenTrust Properties Corp. (NYSE:IVT) by 28.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,856 shares of the company’s stock after selling 3,956 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in InvenTrust Properties were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IVT. Nuveen LLC bought a new position in InvenTrust Properties in the first quarter valued at approximately $30,620,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of InvenTrust Properties by 443.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company’s stock worth $17,235,000 after buying an additional 478,887 shares during the last quarter. Aberdeen Group plc grew its stake in shares of InvenTrust Properties by 1,423.7% during the second quarter. Aberdeen Group plc now owns 437,441 shares of the company’s stock worth $11,986,000 after buying an additional 408,731 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of InvenTrust Properties by 66.0% during the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after buying an additional 276,474 shares during the last quarter. Finally, Vision Capital Corp grew its stake in shares of InvenTrust Properties by 290.9% during the first quarter. Vision Capital Corp now owns 350,000 shares of the company’s stock worth $10,280,000 after buying an additional 260,457 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company assumed coverage on shares of InvenTrust Properties in a research note on Tuesday. They set an “overweight” rating and a $33.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

InvenTrust Properties Stock Performance

NYSE IVT opened at $28.58 on Wednesday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 3.28 and a beta of 0.86. InvenTrust Properties Corp. has a twelve month low of $25.21 and a twelve month high of $31.65. The stock has a fifty day simple moving average of $28.84 and a 200 day simple moving average of $28.01. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is presently 65.97%.

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.