InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 21.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,516 shares of the company’s stock after selling 6,117 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in InvenTrust Properties were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in IVT. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of InvenTrust Properties by 1,823.0% in the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after buying an additional 248,050 shares in the last quarter. Seven Grand Managers LLC bought a new position in shares of InvenTrust Properties in the third quarter valued at $3,575,000. CWM LLC lifted its position in shares of InvenTrust Properties by 9.3% during the 3rd quarter. CWM LLC now owns 9,022 shares of the company’s stock valued at $256,000 after acquiring an additional 766 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of InvenTrust Properties by 36.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,200 shares of the company’s stock worth $630,000 after acquiring an additional 5,900 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT opened at $30.81 on Friday. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.06. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.38 billion, a P/E ratio of 342.37, a PEG ratio of 3.57 and a beta of 0.97. The stock has a fifty day moving average of $29.38 and a 200-day moving average of $27.05.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The business had revenue of $68.52 million for the quarter. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts forecast that InvenTrust Properties Corp. will post 1.72 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is presently 1,011.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Finally, Compass Point lifted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th.

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.