InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lowered its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 13.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,234 shares of the company’s stock after selling 2,692 shares during the period. Prospera Financial Services Inc’s holdings in InvenTrust Properties were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IVT. Executive Wealth Management LLC grew its stake in shares of InvenTrust Properties by 4.3% in the second 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 grew its stake in InvenTrust Properties by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after purchasing an additional 423 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in InvenTrust Properties by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after purchasing an additional 565 shares during the period. Van ECK Associates Corp raised its position in InvenTrust Properties by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock valued at $258,000 after purchasing an additional 674 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Down 0.5 %

IVT stock opened at $30.75 on Friday. The company’s 50 day moving average is $29.64 and its two-hundred day moving average is $27.46. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.37. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.37 billion, a P/E ratio of 341.70, a PEG ratio of 3.57 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The company had revenue of $68.52 million during the quarter. During the same period in the previous year, the business posted $0.41 earnings per share. Research analysts expect that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.94%. InvenTrust Properties’s dividend payout ratio is presently 1,011.22%.

Analyst Upgrades and Downgrades

IVT has been the topic of several analyst reports. Compass Point raised their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group started coverage on InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price target for the company.

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.