Centersquare Investment Management LLC Sells 367,778 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Centersquare Investment Management LLC lowered its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 29.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 880,633 shares of the company’s stock after selling 367,778 shares during the period. Centersquare Investment Management LLC’s holdings in InvenTrust Properties were worth $26,533,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its stake in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after acquiring an additional 578,028 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after purchasing an additional 374,804 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of InvenTrust Properties by 7.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 521,979 shares of the company’s stock worth $14,809,000 after buying an additional 34,737 shares during the last quarter. Point72 Asset Management L.P. bought a new position in InvenTrust Properties during the 3rd quarter valued at approximately $1,076,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of InvenTrust Properties in the third quarter worth $687,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 5.6 %

InvenTrust Properties stock opened at $28.08 on Friday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 155.98, a P/E/G ratio of 3.34 and a beta of 0.93. The firm has a 50 day moving average of $29.54 and a 200 day moving average of $29.73. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.39%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s payout ratio is presently 527.78%.

Analyst Ratings Changes

Several research firms recently issued reports on IVT. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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.