ProShare Advisors LLC Sells 3,110 Shares of InvenTrust Properties Corp. (NYSE:IVT)

ProShare Advisors LLC lowered its stake in InvenTrust Properties Corp. (NYSE:IVT) by 25.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,113 shares of the company’s stock after selling 3,110 shares during the quarter. ProShare Advisors LLC’s holdings in InvenTrust Properties were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in InvenTrust Properties by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after acquiring an additional 91,579 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of InvenTrust Properties by 26.4% during the second quarter. Principal Financial Group Inc. now owns 3,378,512 shares of the company’s stock worth $83,652,000 after purchasing an additional 706,437 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock valued at $20,125,000 after buying an additional 35,051 shares during the last quarter. Bank of New York Mellon Corp boosted its position in InvenTrust Properties by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company’s stock worth $8,111,000 after buying an additional 25,918 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in InvenTrust Properties by 8.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 231,300 shares of the company’s stock worth $5,947,000 after acquiring an additional 17,091 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Trading Up 0.8 %

NYSE:IVT opened at $29.47 on Friday. InvenTrust Properties Corp. has a 52 week low of $23.28 and a 52 week high of $30.33. The firm’s fifty day moving average is $28.67 and its 200-day moving average is $26.25. The firm has a market cap of $2.00 billion, a P/E ratio of 294.70, a P/E/G ratio of 4.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.226 per share. The ex-dividend date is Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.07%. InvenTrust Properties’s payout ratio is currently 900.00%.

Wall Street Analysts Forecast Growth

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

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.