International Assets Investment Management LLC Raises Stake in InvenTrust Properties Corp. (NYSE:IVT)

International Assets Investment Management LLC grew its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1,823.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,657 shares of the company’s stock after buying an additional 248,050 shares during the period. International Assets Investment Management LLC owned 0.39% of InvenTrust Properties worth $7,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hantz Financial Services Inc. bought a new stake in InvenTrust Properties in the second quarter worth $57,000. Beacon Capital Management LLC raised its holdings in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares in the last quarter. EntryPoint Capital LLC increased its holdings in shares of InvenTrust Properties by 899.3% during the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock valued at $105,000 after acquiring an additional 3,669 shares in the last quarter. Global Financial Private Client LLC increased its holdings in shares of InvenTrust Properties by 20.0% during the second quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock valued at $148,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of InvenTrust Properties by 4,944.5% during the first quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock valued at $189,000 after acquiring an additional 7,219 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 2.0 %

Shares of NYSE:IVT opened at $29.45 on Friday. The business’s 50 day moving average price is $29.24 and its 200-day moving average price is $26.83. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $30.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 294.50, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 900.00%.

Analyst Ratings Changes

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

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.