Beacon Financial Advisory LLC Invests $256,000 in InvenTrust Properties Corp. $IVT

Key Points

• Beacon Financial Advisory LLC has invested approximately $256,000 in InvenTrust Properties Corp., acquiring 9,347 shares during the 2nd quarter.
• The company recently announced a quarterly dividend of $0.2377 per share, equating to an annualized dividend of $0.95, which represents a yield of 3.4%.
• A number of institutional investors, including Comerica Bank, increased their stakes in InvenTrust, with institutional ownership currently at 61.70%.

Beacon Financial Advisory LLC acquired a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,347 shares of the company's stock, valued at approximately $256,000.

Other institutional investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC grew its position in shares of InvenTrust Properties by 3.1% in the first quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company's stock valued at $406,000 after purchasing an additional 416 shares during the last quarter. State of Alaska Department of Revenue increased its position in InvenTrust Properties by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after buying an additional 475 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of InvenTrust Properties by 6.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company's stock worth $260,000 after buying an additional 506 shares during the last quarter. Cerity Partners LLC boosted its position in shares of InvenTrust Properties by 3.8% in the first quarter. Cerity Partners LLC now owns 14,844 shares of the company's stock valued at $436,000 after acquiring an additional 545 shares during the period. Finally, Comerica Bank increased its position in InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company's stock worth $66,000 after acquiring an additional 1,001 shares during the period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Down 0.7%

NYSE IVT opened at $27.78 on Tuesday. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.81 and a beta of 0.86. The stock's 50 day moving average is $28.78 and its two-hundred day moving average is $28.11. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, September 30th. InvenTrust Properties's dividend payout ratio is currently 65.97%.

Analysts Set New Price Targets

IVT has been the topic of several research reports. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a report on Tuesday, September 9th. They set a "neutral" rating and a $31.00 price objective on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of InvenTrust Properties in a research note on Saturday, September 27th. Finally, Wells Fargo & Company upped their price target on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.50.

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.

Want to see what other hedge funds are holding IVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InvenTrust Properties Corp. (NYSE:IVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.