InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in InvenTrust Properties Corp. (NYSE:IVT) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,989 shares of the company’s stock after selling 659 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in InvenTrust Properties were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after buying an additional 738,784 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after purchasing an additional 175,838 shares in the last quarter. Millennium Management LLC grew its stake in InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock worth $24,732,000 after purchasing an additional 122,248 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in InvenTrust Properties by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after purchasing an additional 35,051 shares in the last quarter. Finally, Makena Capital Management LLC grew its stake in InvenTrust Properties by 28.6% during the 2nd quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock worth $8,494,000 after purchasing an additional 76,316 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.1 %

InvenTrust Properties stock opened at $30.89 on Friday. The stock has a 50-day simple moving average of $30.18 and a 200-day simple moving average of $28.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The company has a market capitalization of $2.38 billion, a P/E ratio of 343.22, a PEG ratio of 3.60 and a beta of 0.97. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share 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 firm had revenue of $68.52 million during the quarter. During the same quarter in the prior year, the company posted $0.41 EPS. Equities research analysts expect that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,000.00%.

Analysts Set New Price Targets

Several research analysts recently commented on IVT shares. 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 note on Wednesday, August 28th. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Compass Point boosted their target price on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group started coverage on InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price target for the company.

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.