Nisa Investment Advisors LLC Lowers Position in InvenTrust Properties Corp. $IVT

Nisa Investment Advisors LLC lessened its position in InvenTrust Properties Corp. (NYSE:IVT) by 26.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,519 shares of the company’s stock after selling 4,447 shares during the quarter. Nisa Investment Advisors LLC’s holdings in InvenTrust Properties were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IVT. Wealth Enhancement Advisory Services LLC grew 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 worth $501,000 after buying an additional 1,040 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of InvenTrust Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company’s stock worth $320,315,000 after buying an additional 181,423 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of InvenTrust Properties by 20.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,823 shares of the company’s stock worth $2,873,000 after buying an additional 16,827 shares during the last quarter. Millennium Management LLC grew its stake in shares of InvenTrust Properties by 6.8% in the 1st quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock worth $77,072,000 after buying an additional 166,881 shares during the last quarter. Finally, Vision Capital Corp grew its stake in shares of InvenTrust Properties by 290.9% in the 1st quarter. Vision Capital Corp now owns 350,000 shares of the company’s stock worth $10,280,000 after buying an additional 260,457 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

IVT has been the topic of several recent research reports. Wells Fargo & Company started coverage on InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 price target on the stock. LADENBURG THALM/SH SH started coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. started coverage on InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

InvenTrust Properties Stock Performance

IVT stock opened at $27.49 on Monday. The company has a market cap of $2.13 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. InvenTrust Properties Corp. has a 1 year low of $25.21 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s fifty day moving average price is $28.81 and its 200-day moving average price is $28.12.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 62.09%.

About InvenTrust Properties

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.