Arizona State Retirement System Has $439,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

Arizona State Retirement System decreased its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,952 shares of the company’s stock after selling 585 shares during the period. Arizona State Retirement System’s holdings in InvenTrust Properties were worth $439,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. LPL Financial LLC increased its holdings in shares of InvenTrust Properties by 0.4% in the 2nd quarter. LPL Financial LLC now owns 128,783 shares of the company’s stock valued at $2,980,000 after purchasing an additional 544 shares during the period. Mesirow Institutional Investment Management Inc. increased its holdings in shares of InvenTrust Properties by 17.2% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 348,566 shares of the company’s stock valued at $8,066,000 after purchasing an additional 51,223 shares during the period. Johnson Financial Group LLC acquired a new position in shares of InvenTrust Properties in the 2nd quarter valued at about $277,000. Asset Management One Co. Ltd. increased its holdings in shares of InvenTrust Properties by 7.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 113,462 shares of the company’s stock valued at $2,626,000 after purchasing an additional 7,487 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of InvenTrust Properties by 4.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,513 shares of the company’s stock valued at $1,817,000 after buying an additional 3,362 shares in the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

InvenTrust Properties Trading Up 0.4 %

Shares of NYSE IVT opened at $25.51 on Monday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 637.75, a PEG ratio of 4.76 and a beta of 1.27. The business has a 50 day simple moving average of $24.42 and a 200 day simple moving average of $23.57. InvenTrust Properties Corp. has a 52 week low of $20.76 and a 52 week high of $26.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.10 and a current ratio of 2.10.

InvenTrust Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.86 annualized dividend and a yield of 3.37%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 2,150.00%.

Wall Street Analysts Forecast Growth

IVT has been the subject of several recent research reports. Compass Point boosted their price target on InvenTrust Properties from $23.00 to $25.00 in a research note on Wednesday, August 2nd. TheStreet raised InvenTrust Properties from a “d+” rating to a “c-” rating in a research note on Wednesday, August 9th.

InvenTrust Properties Profile

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.