HighTower Advisors LLC Sells 24,753 Shares of InvenTrust Properties Corp. (NYSE:IVT)

HighTower Advisors LLC lowered its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 32.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,555 shares of the company’s stock after selling 24,753 shares during the period. HighTower Advisors LLC owned approximately 0.07% of InvenTrust Properties worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans purchased a new position in shares of InvenTrust Properties during the third quarter valued at approximately $1,980,000. International Assets Investment Management LLC raised its stake in InvenTrust Properties by 1,823.0% during the 3rd 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 during the last quarter. Vanderbilt University bought a new position in shares of InvenTrust Properties during the 3rd quarter valued at $742,000. Charles Schwab Investment Management Inc. boosted its stake in shares of InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after buying an additional 175,838 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after acquiring an additional 681 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

Shares of IVT opened at $30.95 on Monday. The business has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $28.16. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 343.89, a PEG ratio of 3.56 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company earned $0.41 earnings per share. On average, analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Compass Point increased their target price on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company increased their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Jefferies Financial Group initiated coverage on shares of InvenTrust Properties in a research report on Tuesday, November 19th. They set a “hold” rating and a $33.00 target price for the company. Finally, Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.