Focus Financial Network Inc. Sells 2,036 Shares of InvenTrust Properties Corp. $IVT

Focus Financial Network Inc. lessened its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,395 shares of the company’s stock after selling 2,036 shares during the quarter. Focus Financial Network Inc.’s holdings in InvenTrust Properties were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avalon Trust Co bought a new position in shares of InvenTrust Properties during the first quarter valued at approximately $36,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties in the fourth quarter worth $42,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in InvenTrust Properties in the first quarter worth $57,000. Bulwark Capital Corp purchased a new stake in InvenTrust Properties in the second quarter worth $57,000. Finally, Ameriflex Group Inc. purchased a new stake in InvenTrust Properties in the fourth quarter worth $60,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.6%

NYSE IVT opened at $29.68 on Monday. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The stock has a market cap of $2.30 billion, a P/E ratio of 20.61, a P/E/G ratio of 3.25 and a beta of 0.88. The stock’s fifty day moving average price is $28.46 and its 200-day moving average price is $28.12. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.2377 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.2%. InvenTrust Properties’s dividend payout ratio (DPR) is 65.97%.

Wall Street Analyst Weigh In

IVT has been the topic of several recent research reports. LADENBURG THALM/SH SH initiated coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target on the stock. Wells Fargo & Company upped their price target on InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

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.