LPL Financial LLC Sells 7,522 Shares of InvenTrust Properties Corp. (NYSE:IVT)

LPL Financial LLC lessened its holdings in InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,763 shares of the company’s stock after selling 7,522 shares during the quarter. LPL Financial LLC owned 0.21% of InvenTrust Properties worth $3,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of InvenTrust Properties by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,570,784 shares of the company’s stock valued at $204,145,000 after purchasing an additional 28,579 shares in the last quarter. BlackRock Inc. boosted its stake in shares of InvenTrust Properties by 4.4% in the 3rd quarter. BlackRock Inc. now owns 6,113,361 shares of the company’s stock valued at $130,397,000 after purchasing an additional 255,336 shares in the last quarter. State Street Corp boosted its stake in shares of InvenTrust Properties by 2.8% in the 3rd quarter. State Street Corp now owns 2,631,462 shares of the company’s stock valued at $56,632,000 after purchasing an additional 71,249 shares in the last quarter. Northern Trust Corp boosted its stake in shares of InvenTrust Properties by 167.5% in the 2nd quarter. Northern Trust Corp now owns 776,100 shares of the company’s stock valued at $20,016,000 after purchasing an additional 485,917 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at $20,038,000. Institutional investors own 51.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on IVT. TheStreet downgraded shares of InvenTrust Properties from a “c” rating to a “d+” rating in a research note on Friday, April 28th. Compass Point reduced their target price 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.

InvenTrust Properties Stock Down 0.5 %

Shares of NYSE IVT opened at $22.07 on Friday. The firm’s 50-day simple moving average is $22.38 and its 200 day simple moving average is $23.60. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 5.63 and a beta of 1.34. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a 12-month low of $20.82 and a 12-month high of $32.93.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were given a dividend of $0.2155 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, March 30th. This represents a $0.86 annualized dividend and a yield of 3.91%. InvenTrust Properties’s dividend payout ratio is 132.31%.

About InvenTrust Properties

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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.