HighTower Advisors LLC Sells 3,003 Shares of InvenTrust Properties Corp. $IVT

HighTower Advisors LLC trimmed its position in InvenTrust Properties Corp. (NYSE:IVT) by 6.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 44,548 shares of the company’s stock after selling 3,003 shares during the period. HighTower Advisors LLC owned 0.06% of InvenTrust Properties worth $1,308,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of InvenTrust Properties by 29.4% in the 4th 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 lifted its stake in shares of InvenTrust Properties by 1.3% in the 1st 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 lifted its stake in shares of InvenTrust Properties by 3.8% in the 1st 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 lifted its stake in shares of InvenTrust Properties by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock valued at $501,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of InvenTrust Properties by 12.3% in the 1st quarter. Allworth Financial LP now owns 10,098 shares of the company’s stock valued at $279,000 after acquiring an additional 1,106 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Down 0.8%

Shares of NYSE:IVT opened at $29.3850 on Tuesday. The firm has a market cap of $2.28 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.23 and a beta of 0.88. 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 business has a fifty day simple moving average of $27.62 and a 200 day simple moving average of $28.14.

InvenTrust Properties Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.95 annualized dividend and a yield of 3.2%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio is 65.97%.

Wall Street Analyst Weigh In

Separately, 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.