Arete Wealth Advisors LLC Sells 4,891 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Arete Wealth Advisors LLC lowered its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,796 shares of the company’s stock after selling 4,891 shares during the quarter. Arete Wealth Advisors LLC owned approximately 0.06% of InvenTrust Properties worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IVT. Principal Financial Group Inc. increased its position in InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after buying an additional 738,784 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after purchasing an additional 175,838 shares in the last quarter. Millennium Management LLC raised its position in shares of InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after purchasing an additional 122,248 shares during the period. Dimensional Fund Advisors LP boosted its holdings in InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after buying an additional 35,051 shares during the period. Finally, FMR LLC grew its position in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT stock opened at $30.97 on Friday. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The firm has a market capitalization of $2.39 billion, a P/E ratio of 344.15, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. The company has a fifty day simple moving average of $29.77 and a two-hundred day simple moving average of $27.67. 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 announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) 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 business had revenue of $68.52 million during the quarter. During the same period last year, the firm posted $0.41 earnings per share. Analysts anticipate that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 2.92%. InvenTrust Properties’s payout ratio is presently 1,011.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IVT shares. Jefferies Financial Group began coverage on shares of InvenTrust Properties in a report on Tuesday, November 19th. They issued a “hold” rating and a $33.00 target price on the stock. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Wells Fargo & Company lifted their target price 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 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.

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.