AE Wealth Management LLC Raises Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

AE Wealth Management LLC grew its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 97.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,368 shares of the company’s stock after buying an additional 8,568 shares during the quarter. AE Wealth Management LLC’s holdings in InvenTrust Properties were worth $430,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in InvenTrust Properties during the second quarter valued at approximately $57,000. Beacon Capital Management LLC raised its holdings in InvenTrust Properties by 23.3% during the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after buying an additional 693 shares during the period. EntryPoint Capital LLC lifted its position in InvenTrust Properties by 899.3% in the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after buying an additional 3,669 shares during the last quarter. Global Financial Private Client LLC boosted its stake in InvenTrust Properties by 20.0% during the second quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock worth $148,000 after buying an additional 1,000 shares during the period. Finally, Russell Investments Group Ltd. increased its position in InvenTrust Properties by 4,944.5% during the first quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock valued at $189,000 after acquiring an additional 7,219 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 0.3 %

NYSE:IVT opened at $28.21 on Friday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 282.10, a price-to-earnings-growth ratio of 4.83 and a beta of 0.99. InvenTrust Properties Corp. has a twelve month low of $22.61 and a twelve month high of $30.33. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $28.40 and a 200-day simple moving average of $26.08.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.226 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 3.20%. InvenTrust Properties’s dividend payout ratio (DPR) is 910.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. 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. Wells Fargo & Company boosted their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research 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.