LPL Financial LLC Sells 976 Shares of InvenTrust Properties Corp. (NYSE:IVT)

LPL Financial LLC lowered its position in InvenTrust Properties Corp. (NYSE:IVT) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,983 shares of the company’s stock after selling 976 shares during the period. LPL Financial LLC owned 0.20% of InvenTrust Properties worth $4,611,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. 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 acquiring an additional 465 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after acquiring an additional 475 shares during the last quarter. Cerity Partners LLC raised its stake in shares of InvenTrust Properties by 3.8% in the first quarter. Cerity Partners LLC now owns 14,844 shares of the company’s stock valued at $436,000 after acquiring an additional 545 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in InvenTrust Properties by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock worth $501,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Allworth Financial LP raised its position in InvenTrust Properties by 12.3% in the 1st quarter. Allworth Financial LP now owns 10,098 shares of the company’s stock worth $279,000 after purchasing an additional 1,106 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

IVT stock opened at $28.18 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company has a 50 day moving average price of $27.52 and a 200 day moving average price of $28.24. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The stock has a market capitalization of $2.19 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 3.17 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.2377 dividend. This is a boost 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 yield of 3.4%. InvenTrust Properties’s dividend payout ratio is presently 65.97%.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

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.