InvenTrust Properties Corp. (NYSE:IVT) Stock Position Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,206 shares of the company’s stock after selling 16,850 shares during the quarter. Commonwealth Equity Services LLC owned 0.45% of InvenTrust Properties worth $7,048,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ahrens Investment Partners LLC bought a new stake in shares of InvenTrust Properties during the 1st quarter worth $27,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of InvenTrust Properties in the fourth quarter worth $29,000. Almanack Investment Partners LLC. acquired a new stake in shares of InvenTrust Properties in the third quarter worth $43,000. US Bancorp DE acquired a new stake in shares of InvenTrust Properties in the first quarter worth $48,000. Finally, WealthPLAN Partners LLC acquired a new stake in shares of InvenTrust Properties in the first quarter worth $49,000. 57.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

IVT opened at $24.20 on Thursday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 403.32, a PEG ratio of 4.41 and a beta of 1.33. InvenTrust Properties Corp. has a 1 year low of $20.76 and a 1 year high of $27.59. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $23.81 and a 200 day moving average price of $23.10.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.2155 per share. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, June 29th. InvenTrust Properties’s dividend payout ratio (DPR) is 1,433.57%.

Wall Street Analyst Weigh In

Several analysts have recently commented on IVT shares. Wells Fargo & Company started coverage on InvenTrust Properties in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $25.00 target price for the company. Compass Point raised their target price on InvenTrust Properties from $23.00 to $25.00 in a research report on Wednesday, August 2nd. Finally, TheStreet raised InvenTrust Properties from a “d+” rating to a “c-” rating in a research report on Wednesday, August 9th.

About InvenTrust Properties

InvenTrust Properties Corp. (we, the Company, our, us, "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.