Boothbay Fund Management LLC Sells 86,806 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Boothbay Fund Management LLC cut its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,916 shares of the company's stock after selling 86,806 shares during the period. Boothbay Fund Management LLC's holdings in InvenTrust Properties were worth $480,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock worth $131,446,000 after acquiring an additional 245,343 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of InvenTrust Properties by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company's stock worth $58,366,000 after purchasing an additional 120,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after purchasing an additional 98,366 shares during the period. Dimensional Fund Advisors LP grew its holdings in InvenTrust Properties by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company's stock valued at $27,366,000 after buying an additional 77,299 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in InvenTrust Properties by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock worth $20,537,000 after buying an additional 128,848 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

Shares of IVT traded up $0.21 during trading hours on Tuesday, hitting $28.11. The stock had a trading volume of 41,304 shares, compared to its average volume of 415,881. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 155.94, a P/E/G 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. The company's fifty day moving average is $28.29 and its two-hundred day moving average is $29.43. InvenTrust Properties Corp. has a 52 week low of $23.69 and a 52 week high of $31.65.

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

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.38%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is currently 413.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IVT. BTIG Research assumed coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Wolfe Research began coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, InvenTrust Properties presently has a consensus 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.