Deutsche Bank AG Cuts Stock Holdings in InvenTrust Properties Corp. $IVT

Deutsche Bank AG lessened its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,643 shares of the company’s stock after selling 1,102 shares during the period. Deutsche Bank AG owned about 0.12% of InvenTrust Properties worth $2,662,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IVT. Avalon Trust Co purchased a new stake in InvenTrust Properties during the 1st quarter worth $36,000. GF Fund Management CO. LTD. acquired a new position in InvenTrust Properties during the 4th quarter valued at about $42,000. Quarry LP acquired a new position in InvenTrust Properties during the 4th quarter valued at about $53,000. Ameriflex Group Inc. acquired a new position in InvenTrust Properties during the 4th quarter valued at about $60,000. Finally, NewEdge Advisors LLC boosted its stake in InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock valued at $62,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

IVT stock opened at $28.5350 on Wednesday. The firm has a 50 day moving average of $27.54 and a two-hundred day moving average of $28.17. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 3.18 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s payout ratio is currently 65.97%.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They set a “buy” rating and a $31.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock 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.