InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC reduced its stake in InvenTrust Properties Corp. (NYSE:IVT) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,810 shares of the company’s stock after selling 1,731 shares during the quarter. HighPoint Advisor Group LLC’s holdings in InvenTrust Properties were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after buying an additional 175,838 shares during the last quarter. FMR LLC boosted its holdings in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after acquiring an additional 578,028 shares during the period. Quantbot Technologies LP bought a new position in shares of InvenTrust Properties during the third quarter worth about $409,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 acquiring an additional 374,804 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in InvenTrust Properties by 7.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 521,979 shares of the company’s stock valued at $14,809,000 after purchasing an additional 34,737 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $29.46 on Wednesday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 163.64, a PEG ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The stock’s 50 day moving average price is $29.54 and its 200 day moving average price is $29.75.

InvenTrust Properties (NYSE:IVT) last announced its earnings results 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 return on equity of 0.83% and a net margin of 4.99%. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is 527.78%.

Wall Street Analyst Weigh In

IVT has been the subject of several recent analyst reports. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. 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 research report on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.