Commonwealth Equity Services LLC cut its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,056 shares of the company’s stock after selling 14,995 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.47% of InvenTrust Properties worth $7,528,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH increased its stake in shares of InvenTrust Properties by 26.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 339,309 shares of the company’s stock worth $7,237,000 after purchasing an additional 69,934 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of InvenTrust Properties by 10.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,566 shares of the company’s stock worth $798,000 after purchasing an additional 3,216 shares during the last quarter. Algert Global LLC increased its stake in shares of InvenTrust Properties by 45.2% during the 3rd quarter. Algert Global LLC now owns 87,360 shares of the company’s stock worth $1,863,000 after purchasing an additional 27,190 shares during the last quarter. Advisor OS LLC acquired a new position in shares of InvenTrust Properties during the 4th quarter worth about $211,000. Finally, Hsbc Holdings PLC increased its stake in shares of InvenTrust Properties by 304.4% during the 3rd quarter. Hsbc Holdings PLC now owns 67,328 shares of the company’s stock worth $1,446,000 after purchasing an additional 50,681 shares during the last quarter. 51.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on IVT. Compass Point lowered their price objective on shares of InvenTrust Properties from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. TheStreet lowered shares of InvenTrust Properties from a “c” rating to a “d+” rating in a research note on Friday, April 28th.
InvenTrust Properties Stock Performance
InvenTrust Properties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a dividend of $0.2155 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Thursday, March 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.21. InvenTrust Properties’s dividend payout ratio is presently 132.31%.
About InvenTrust Properties
InvenTrust Properties Corp. engages in the ownership, management, acquisition and development of multi-tenant retail platform. Its retail properties includes grocery-anchored community, neighborhood centers and necessity-based power centers. The company was founded on October 4, 2004 and is headquartered in Downers Grove, IL.
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