InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,409 shares of the company’s stock after selling 5,019 shares during the quarter. Cetera Investment Advisers owned approximately 0.07% of InvenTrust Properties worth $1,549,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. FIL Ltd increased its stake in InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company’s stock valued at $67,000 after buying an additional 332 shares during the period. Allworth Financial LP boosted its position in shares of InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after purchasing an additional 383 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock worth $62,000 after purchasing an additional 465 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of InvenTrust Properties by 7.5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock worth $296,000 after purchasing an additional 682 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock worth $138,000 after purchasing an additional 756 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on IVT shares. Wells Fargo & Company decreased their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wolfe Research initiated coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, BTIG Research began coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a “buy” rating and a $31.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Trading Down 1.0%

Shares of IVT opened at $27.88 on Wednesday. The business’s 50-day moving average price is $28.05 and its 200 day moving average price is $29.33. The stock has a market capitalization of $2.16 billion, a P/E ratio of 154.89, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 1-year low of $23.69 and a 1-year high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.41%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is currently 413.04%.

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.