Parallel Advisors LLC Trims Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Parallel Advisors LLC decreased its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 26.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,334 shares of the company’s stock after selling 489 shares during the period. Parallel Advisors LLC’s holdings in InvenTrust Properties were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVT. Principal Financial Group Inc. lifted its stake in shares of InvenTrust Properties by 6.0% in the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after purchasing an additional 245,343 shares during the last quarter. Millennium Management LLC boosted its position in InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after acquiring an additional 839,541 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of InvenTrust Properties by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock worth $58,366,000 after purchasing an additional 120,014 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock worth $38,507,000 after acquiring an additional 98,366 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock valued at $35,966,000 after buying an additional 315,380 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Up 0.6%

InvenTrust Properties stock opened at $28.28 on Tuesday. The stock’s fifty day moving average is $27.66 and its two-hundred day moving average is $29.05. The stock has a market cap of $2.19 billion, a PE ratio of 157.08, a P/E/G ratio of 3.34 and a beta of 0.90. InvenTrust Properties Corp. has a 1-year low of $24.06 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is currently 413.04%.

Analyst Ratings Changes

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

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.