Truist Financial Corp Sells 475 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Truist Financial Corp lowered its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,513 shares of the company’s stock after selling 475 shares during the period. Truist Financial Corp owned approximately 0.07% of InvenTrust Properties worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in InvenTrust Properties by 6.1% in the second quarter. Creative Planning now owns 40,862 shares of the company’s stock worth $1,012,000 after purchasing an additional 2,360 shares during the last quarter. Algert Global LLC boosted its holdings in InvenTrust Properties by 15.5% in the second quarter. Algert Global LLC now owns 50,911 shares of the company’s stock worth $1,261,000 after purchasing an additional 6,827 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in InvenTrust Properties by 9.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 31,488 shares of the company’s stock worth $780,000 after purchasing an additional 2,822 shares during the last quarter. Makena Capital Management LLC boosted its holdings in InvenTrust Properties by 28.6% in the second quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock worth $8,494,000 after purchasing an additional 76,316 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of InvenTrust Properties by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,648 shares of the company’s stock worth $883,000 after acquiring an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $28.98 on Monday. The company’s 50-day moving average price is $28.82 and its 200-day moving average price is $26.40. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $30.33. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.97 billion, a PE ratio of 289.80, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.12%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IVT shares. Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Compass Point lifted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company lifted their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

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.