InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 19.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,660 shares of the company’s stock after selling 3,110 shares during the period. Captrust Financial Advisors’ holdings in InvenTrust Properties were worth $359,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IVT. Thrivent Financial for Lutherans acquired a new stake in InvenTrust Properties during the third quarter worth about $1,980,000. International Assets Investment Management LLC grew its holdings in shares of InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after purchasing an additional 248,050 shares during the last quarter. Vanderbilt University bought a new stake in shares of InvenTrust Properties in the 3rd quarter worth approximately $742,000. Charles Schwab Investment Management Inc. boosted its position in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in 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 valued at $75,000 after purchasing an additional 681 shares during the period. 61.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

InvenTrust Properties Stock Performance

IVT stock opened at $30.96 on Friday. The company has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $28.10. The company has a market capitalization of $2.39 billion, a P/E ratio of 344.00, a PEG ratio of 3.56 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 $31.65. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) 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 firm had revenue of $68.52 million for the quarter. During the same period in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. InvenTrust Properties’s payout ratio is currently 1,000.00%.

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.