Allspring Global Investments Holdings LLC reduced its holdings in InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 88.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,310 shares of the company’s stock after selling 24,904 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in InvenTrust Properties were worth $77,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of InvenTrust Properties by 10.1% during the 1st quarter. CWM LLC now owns 19,715 shares of the company’s stock worth $461,000 after buying an additional 1,802 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in InvenTrust Properties by 4.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 71,400 shares of the company’s stock worth $1,671,000 after acquiring an additional 2,800 shares during the last quarter. Cambria Investment Management L.P. grew its holdings in InvenTrust Properties by 16.7% during the 1st quarter. Cambria Investment Management L.P. now owns 14,217 shares of the company’s stock worth $333,000 after acquiring an additional 2,031 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of InvenTrust Properties by 39.1% in the 1st quarter. Guggenheim Capital LLC now owns 314,389 shares of the company’s stock valued at $7,357,000 after purchasing an additional 88,369 shares during the last quarter. Finally, V3 Capital Management L.P. bought a new position in shares of InvenTrust Properties in the 1st quarter valued at about $16,229,000. 57.70% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
IVT has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of InvenTrust Properties from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday. Compass Point lifted their price objective on shares of InvenTrust Properties from $23.00 to $25.00 in a research report on Wednesday, August 2nd. Finally, TheStreet raised shares of InvenTrust Properties from a “d+” rating to a “c-” rating in a research report on Wednesday, August 9th.
InvenTrust Properties Stock Down 2.6 %
IVT stock opened at $24.96 on Friday. The firm has a 50-day moving average price of $24.56 and a 200-day moving average price of $23.72. The stock has a market capitalization of $1.69 billion, a P/E ratio of 624.16, a price-to-earnings-growth ratio of 4.68 and a beta of 1.27. InvenTrust Properties Corp. has a 12 month low of $20.76 and a 12 month high of $26.23. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.53.
InvenTrust Properties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Saturday, September 30th were issued a $0.215 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.86 dividend on an annualized basis and a yield of 3.45%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 2,150.54%.
About InvenTrust Properties
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.
- Five stocks we like better than InvenTrust Properties
- Election Stocks: How Elections Affect the Stock Market
- Amazon, Target, Walmart in a race for fastest delivery
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Palo Alto Networks: the one security stock to rule them all
- P/E Ratio Calculation: How to Assess Stocks
- Is it time to buy the dip in Walmart shares?
Receive News & Ratings for InvenTrust Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenTrust Properties and related companies with MarketBeat.com's FREE daily email newsletter.