Van ECK Associates Corp Acquires 1,285 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Van ECK Associates Corp increased its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 12.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,711 shares of the company’s stock after buying an additional 1,285 shares during the period. Van ECK Associates Corp’s holdings in InvenTrust Properties were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IVT. Executive Wealth Management LLC raised its position in shares of InvenTrust Properties by 4.3% in the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System lifted its position in shares of InvenTrust Properties by 2.3% during the second quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock valued at $470,000 after buying an additional 423 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of InvenTrust Properties by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after buying an additional 565 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after acquiring an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its position in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after acquiring an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

InvenTrust Properties Price Performance

NYSE IVT opened at $30.61 on Wednesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 340.15, a PEG ratio of 3.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock’s fifty day moving average price is $29.46 and its 200 day moving average price is $27.20. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.37.

InvenTrust Properties (NYSE:IVT) last announced 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 firm had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period last year, the firm posted $0.41 EPS. As a group, equities research analysts forecast that InvenTrust Properties Corp. will post 1.72 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.95%. InvenTrust Properties’s payout ratio is currently 1,011.22%.

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.