Sigma Planning Corp trimmed its stake in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 26.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,969 shares of the company’s stock after selling 3,225 shares during the quarter. Sigma Planning Corp’s holdings in InvenTrust Properties were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of InvenTrust Properties by 21.9% during the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after purchasing an additional 738,784 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after acquiring an additional 248,050 shares in the last quarter. Savant Capital LLC acquired a new position in shares of InvenTrust Properties during the second quarter worth about $4,445,000. Seven Grand Managers LLC acquired a new position in shares of InvenTrust Properties during the third quarter worth about $3,575,000. Finally, Millennium Management LLC raised its holdings in InvenTrust Properties by 13.9% during 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 in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
InvenTrust Properties Price Performance
Shares of NYSE:IVT opened at $30.16 on Friday. The business’s 50 day simple moving average is $29.51 and its 200-day simple moving average is $27.28. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 335.15, a price-to-earnings-growth ratio of 3.66 and a beta of 0.97. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59.
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 given a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.00%. InvenTrust Properties’s dividend payout ratio is presently 1,011.22%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on IVT shares. Compass Point boosted their target price on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company raised their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd.
View Our Latest Stock Report on IVT
About InvenTrust Properties
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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