Spire Wealth Management Sells 4,044 Shares of InvenTrust Properties Corp. $IVT

Spire Wealth Management trimmed its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 64.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,215 shares of the company’s stock after selling 4,044 shares during the period. Spire Wealth Management’s holdings in InvenTrust Properties were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVT. Bank of New York Mellon Corp grew its holdings in InvenTrust Properties by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 329,608 shares of the company’s stock worth $9,681,000 after acquiring an additional 7,121 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in InvenTrust Properties by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 143,392 shares of the company’s stock worth $4,211,000 after acquiring an additional 3,741 shares in the last quarter. Significant Wealth Partners LLC grew its holdings in InvenTrust Properties by 18.7% during the 1st quarter. Significant Wealth Partners LLC now owns 21,487 shares of the company’s stock worth $631,000 after acquiring an additional 3,380 shares in the last quarter. Allworth Financial LP grew its holdings in InvenTrust Properties by 12.3% during the 1st quarter. Allworth Financial LP now owns 10,098 shares of the company’s stock worth $279,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in InvenTrust Properties by 3.8% during the 1st quarter. Cerity Partners LLC now owns 14,844 shares of the company’s stock worth $436,000 after acquiring an additional 545 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

InvenTrust Properties Stock Performance

IVT stock opened at $27.41 on Thursday. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.29 and a beta of 0.86. The firm has a 50-day simple moving average of $28.69 and a two-hundred day simple moving average of $28.11. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68.

InvenTrust Properties Dividend Announcement

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

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.