Creative Planning Reduces Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Creative Planning lessened its position in InvenTrust Properties Corp. (NYSE:IVT) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,175 shares of the company’s stock after selling 2,687 shares during the period. Creative Planning owned 0.06% of InvenTrust Properties worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IVT. Hantz Financial Services Inc. bought a new position in shares of InvenTrust Properties during the second quarter valued at approximately $57,000. Beacon Capital Management LLC lifted its position in shares of InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares during the period. EntryPoint Capital LLC boosted its stake in shares of InvenTrust Properties by 899.3% during the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock valued at $105,000 after purchasing an additional 3,669 shares in the last quarter. Global Financial Private Client LLC boosted its stake in shares of InvenTrust Properties by 20.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock valued at $148,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of InvenTrust Properties by 4,944.5% during the first quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock valued at $189,000 after buying an additional 7,219 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 2.0 %

NYSE IVT opened at $29.45 on Friday. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $30.33. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.00 billion, a PE ratio of 294.50, a P/E/G ratio of 3.52 and a beta of 0.98. The stock’s 50 day moving average is $29.24 and its 200 day moving average is $26.83.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.07%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Wall Street Analysts Forecast Growth

IVT has been the topic of several recent research reports. Compass Point upped their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

InvenTrust Properties Company Profile

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.