Allworth Financial LP Trims Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Allworth Financial LP lowered its stake in InvenTrust Properties Corp. (NYSE:IVT) by 23.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,609 shares of the company’s stock after selling 2,582 shares during the quarter. Allworth Financial LP’s holdings in InvenTrust Properties were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IVT. Hantz Financial Services Inc. bought a new position in shares of InvenTrust Properties in the second quarter valued at approximately $57,000. Beacon Capital Management LLC increased its holdings in shares of InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares during the period. EntryPoint Capital LLC raised its position in shares of 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 in 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 valued at $148,000 after buying an additional 1,000 shares during the period. Finally, Russell Investments Group Ltd. grew 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 worth $189,000 after buying an additional 7,219 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

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

InvenTrust Properties Price Performance

IVT opened at $30.05 on Thursday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 300.45, a PEG ratio of 3.52 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $30.33. The stock has a 50-day moving average price of $29.20 and a 200-day moving average price of $26.81.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s payout ratio is currently 900.00%.

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.