Beacon Pointe Advisors LLC Trims Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Beacon Pointe Advisors LLC trimmed its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 44.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,004 shares of the company's stock after selling 11,255 shares during the period. Beacon Pointe Advisors LLC's holdings in InvenTrust Properties were worth $422,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company's stock valued at $15,682,000 after buying an additional 35,428 shares during the last quarter. Barclays PLC increased its stake in shares of InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company's stock valued at $3,093,000 after acquiring an additional 80,728 shares during the period. Entropy Technologies LP acquired a new position in shares of InvenTrust Properties during the 4th quarter valued at $536,000. New Age Alpha Advisors LLC bought a new stake in InvenTrust Properties in the fourth quarter worth about $848,000. Finally, Rhumbline Advisers raised its holdings in shares of InvenTrust Properties by 11.2% in the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company's stock worth $4,092,000 after purchasing an additional 13,722 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Ratings Changes

IVT has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. BTIG Research initiated coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Performance

Shares of IVT opened at $28.42 on Monday. The company has a market capitalization of $2.20 billion, a PE ratio of 157.89, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a one year low of $23.69 and a one year high of $31.65. The company's fifty day moving average price is $28.32 and its 200 day moving average price is $29.44.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping 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%. As a group, analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.34%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio is currently 413.04%.

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.

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