HighTower Advisors LLC Lowers Holdings in InvenTrust Properties Corp. (NYSE:IVT)

HighTower Advisors LLC reduced its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 32.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,555 shares of the company’s stock after selling 24,753 shares during the quarter. HighTower Advisors LLC’s holdings in InvenTrust Properties were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Adelante Capital Management LLC boosted its position in shares of InvenTrust Properties by 1.6% during the third quarter. Adelante Capital Management LLC now owns 363,945 shares of the company’s stock worth $10,325,000 after acquiring an additional 5,826 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of InvenTrust Properties by 26.2% during the 3rd quarter. Verition Fund Management LLC now owns 522,622 shares of the company’s stock valued at $14,827,000 after purchasing an additional 108,437 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of InvenTrust Properties by 57.2% during the 3rd quarter. Martingale Asset Management L P now owns 110,858 shares of the company’s stock valued at $3,145,000 after purchasing an additional 40,329 shares during the last quarter. 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 third 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 during the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of InvenTrust Properties in the third quarter worth about $623,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

NYSE IVT opened at $30.95 on Monday. The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $28.16. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a market cap of $2.39 billion, a P/E ratio of 343.89, a P/E/G ratio of 3.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59.

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

Wall Street Analysts Forecast Growth

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

InvenTrust Properties 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.