Rhumbline Advisers Decreases Stake in InvenTrust Properties Corp. (NYSE:IVT)

Rhumbline Advisers lessened its stake in InvenTrust Properties Corp. (NYSE:IVT) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 131,855 shares of the company’s stock after selling 3,942 shares during the quarter. Rhumbline Advisers owned 0.17% of InvenTrust Properties worth $3,873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its stake in InvenTrust Properties by 51.9% during the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock worth $74,039,000 after purchasing an additional 839,541 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in InvenTrust Properties by 35.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Northern Trust Corp lifted its stake in InvenTrust Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company’s stock worth $30,574,000 after purchasing an additional 275,737 shares during the last quarter. Principal Financial Group Inc. lifted its stake in InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after purchasing an additional 245,343 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in InvenTrust Properties during the fourth quarter worth approximately $7,109,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

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

InvenTrust Properties Stock Performance

Shares of NYSE:IVT opened at $27.76 on Friday. The firm has a market capitalization of $2.15 billion, a PE ratio of 154.22, a P/E/G ratio of 3.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50-day moving average of $27.75 and a two-hundred day moving average of $28.99. InvenTrust Properties Corp. has a 12 month low of $24.13 and a 12 month high of $31.65.

InvenTrust Properties 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.