InvenTrust Properties Corp. (NYSE:IVT) Stock Holdings Lessened by Gallacher Capital Management LLC

Gallacher Capital Management LLC lessened its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,247 shares of the company’s stock after selling 3,141 shares during the quarter. Gallacher Capital Management LLC’s holdings in InvenTrust Properties were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVT. Jones Financial Companies Lllp raised its position in InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after acquiring an additional 1,026 shares in the last quarter. Vestcor Inc bought a new position in InvenTrust Properties during the third quarter valued at approximately $104,000. US Bancorp DE raised its position in InvenTrust Properties by 39.8% during the third quarter. US Bancorp DE now owns 3,810 shares of the company’s stock valued at $108,000 after acquiring an additional 1,085 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock valued at $155,000 after acquiring an additional 3,462 shares in the last quarter. Finally, Truist Financial Corp bought a new position in InvenTrust Properties during the fourth quarter valued at approximately $204,000. Institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

InvenTrust Properties Trading Up 1.1 %

Shares of IVT stock opened at $28.68 on Monday. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $29.53 and its two-hundred day moving average is $29.77. The company has a market cap of $2.22 billion, a PE ratio of 159.32, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Equities analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.31%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.

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.