Certified Advisory Corp Lowers Position in InvenTrust Properties Corp. (NYSE:IVT)

Certified Advisory Corp lowered its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,958 shares of the company’s stock after selling 2,860 shares during the period. Certified Advisory Corp’s holdings in InvenTrust Properties were worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Executive Wealth Management LLC raised its position in shares of InvenTrust Properties by 4.3% in the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after buying an additional 400 shares during the period. Arizona State Retirement System raised its holdings in shares of InvenTrust Properties by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after purchasing an additional 423 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of InvenTrust Properties by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock valued at $745,000 after purchasing an additional 565 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of InvenTrust Properties by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock worth $258,000 after purchasing an additional 674 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.5 %

IVT opened at $30.75 on Friday. The firm’s 50 day moving average is $29.64 and its 200-day moving average is $27.46. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.37. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.37 billion, a P/E ratio of 341.70, a P/E/G ratio of 3.57 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter last year, the business earned $0.41 earnings per share. Analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

Analysts Set New Price Targets

A number of research analysts have weighed in on IVT shares. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research report on Thursday, October 3rd. Jefferies Financial Group initiated coverage on shares of InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 target price on the stock. Compass Point increased their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company boosted their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

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.