InvenTrust Properties Corp. (NYSE:IVT) Position Boosted by Cwm LLC

Cwm LLC lifted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,022 shares of the company’s stock after purchasing an additional 766 shares during the period. Cwm LLC’s holdings in InvenTrust Properties were worth $256,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Executive Wealth Management LLC lifted its position in shares of InvenTrust Properties by 4.3% during the second quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System lifted its position in shares of InvenTrust Properties by 2.3% during the second quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after purchasing an additional 423 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of InvenTrust Properties by 2.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after purchasing an additional 565 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of InvenTrust Properties by 6.9% during the second quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock worth $258,000 after purchasing an additional 674 shares during the last quarter. Finally, Beacon Capital Management LLC raised its stake in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after acquiring an additional 693 shares during the period. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Compass Point increased their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th.

InvenTrust Properties Price Performance

IVT opened at $29.23 on Wednesday. The company’s 50-day moving average price is $29.08 and its 200 day moving average price is $26.64. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $30.33. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 292.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.09%. InvenTrust Properties’s payout ratio is currently 900.00%.

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.