Wealth Enhancement Advisory Services LLC Sells 6,512 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Wealth Enhancement Advisory Services LLC trimmed its stake in InvenTrust Properties Corp. (NYSE:IVT) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,004 shares of the company’s stock after selling 6,512 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in InvenTrust Properties were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

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

InvenTrust Properties Stock Performance

Shares of IVT opened at $28.13 on Friday. The stock’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $29.02. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 156.28, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 52-week low of $24.13 and a 52-week high of $31.65.

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.