InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,384 shares of the company's stock after selling 274,289 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.15% of InvenTrust Properties worth $26,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in InvenTrust Properties during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of InvenTrust Properties in the 4th quarter worth $50,000. Quarry LP purchased a new stake in shares of InvenTrust Properties in the 4th quarter worth $53,000. Jones Financial Companies Lllp lifted its holdings in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after buying an additional 1,026 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of InvenTrust Properties by 29.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after buying an additional 465 shares during the period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Up 2.6%

Shares of NYSE:IVT traded up $0.74 during trading hours on Monday, hitting $28.84. The company's stock had a trading volume of 96,459 shares, compared to its average volume of 417,848. InvenTrust Properties Corp. has a 52 week low of $23.69 and a 52 week high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 160.22, a P/E/G ratio of 3.34 and a beta of 0.93. The firm's fifty day moving average price is $28.16 and its 200 day moving average price is $29.39.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, research analysts expect 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 Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Monday, March 31st. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is 413.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IVT shares. BTIG Research started coverage on InvenTrust Properties in a report on Monday, April 28th. They issued a "buy" rating and a $31.00 target price for the company. Wolfe Research started coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.80.

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.