Nisa Investment Advisors LLC Sells 1,624 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Nisa Investment Advisors LLC reduced its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,966 shares of the company’s stock after selling 1,624 shares during the quarter. Nisa Investment Advisors LLC’s holdings in InvenTrust Properties were worth $503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in InvenTrust Properties by 10.7% in the 4th quarter. Victory Capital Management Inc. now owns 9,497 shares of the company’s stock worth $286,000 after purchasing an additional 920 shares in the last quarter. Raymond James Financial Inc. acquired a new position in InvenTrust Properties in the 4th quarter worth about $7,109,000. Amundi increased its holdings in InvenTrust Properties by 12.9% in the 4th quarter. Amundi now owns 41,187 shares of the company’s stock worth $1,214,000 after purchasing an additional 4,721 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in InvenTrust Properties by 69.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,872 shares of the company’s stock worth $1,473,000 after purchasing an additional 19,967 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in InvenTrust Properties in the 4th quarter worth about $227,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Up 0.8%

Shares of InvenTrust Properties stock opened at $27.04 on Thursday. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 2.43. The stock’s 50-day moving average is $27.72 and its 200 day moving average is $28.50. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 117.57, a PEG ratio of 3.03 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.2377 per share. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.52%. InvenTrust Properties’s dividend payout ratio is presently 413.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IVT shares. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating for the company. Wells Fargo & Company decreased 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. 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 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

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.