Private Advisor Group LLC Lowers Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Private Advisor Group LLC lowered its stake in InvenTrust Properties Corp. (NYSE:IVT) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,496 shares of the company’s stock after selling 857 shares during the period. Private Advisor Group LLC’s holdings in InvenTrust Properties were worth $407,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of InvenTrust Properties during the 4th quarter valued at $212,000. Truist Financial Corp acquired a new position in InvenTrust Properties during the fourth quarter worth $204,000. Principal Financial Group Inc. increased its position in shares of InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after purchasing an additional 245,343 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $545,000. Finally, Allworth Financial LP raised its position in shares of InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock valued at $258,000 after buying an additional 383 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $29.71 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 165.03, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The stock has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $29.73.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, equities analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a dividend of $0.2263 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 30th. This represents a $0.91 annualized dividend and a dividend yield of 3.05%. InvenTrust Properties’s dividend payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.