State of New Jersey Common Pension Fund D Sells 7,006 Shares of InvenTrust Properties Corp. (NYSE:IVT)

State of New Jersey Common Pension Fund D lowered its position in InvenTrust Properties Corp. (NYSE:IVT) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,898 shares of the company’s stock after selling 7,006 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of InvenTrust Properties worth $1,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new position in shares of InvenTrust Properties in the third quarter valued at approximately $27,000. Creekmur Asset Management LLC lifted its holdings in shares of InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of InvenTrust Properties in the second quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after purchasing an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC lifted 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 valued at $91,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $30.16 on Monday. The stock has a market cap of $2.33 billion, a PE ratio of 335.15, a price-to-earnings-growth ratio of 3.63 and a beta of 0.97. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a fifty day moving average of $29.51 and a 200-day moving average of $27.28.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business 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 period last year, the company earned $0.41 earnings per share. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.72 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 3.00%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,011.22%.

Analyst Ratings Changes

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

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.