HighTower Advisors LLC Has $1.43 Million Position in InvenTrust Properties Corp. (NYSE:IVT)

HighTower Advisors LLC trimmed its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,551 shares of the company’s stock after selling 4,004 shares during the quarter. HighTower Advisors LLC’s holdings in InvenTrust Properties were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVT. Principal Financial Group Inc. increased its holdings in InvenTrust Properties by 21.9% in 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 in the last quarter. FMR LLC boosted its holdings in shares of InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after buying an additional 578,028 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of InvenTrust Properties during the 3rd quarter worth approximately $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 valued at $13,132,000 after acquiring an additional 374,804 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of InvenTrust Properties during the 4th quarter valued at $7,109,000. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

IVT stock opened at $29.42 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The business has a 50-day simple moving average of $29.51 and a two-hundred day simple moving average of $29.75. The company has a market capitalization of $2.28 billion, a P/E ratio of 163.42, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65.

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, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Research analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.2376 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.23%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IVT. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.