InvenTrust Properties Corp. $IVT Stock: International Assets Investment Management LLC Increases Position

Key Points

• International Assets Investment Management increased its InvenTrust Properties stake by 2,987.6% in the third quarter, acquiring 232,227 additional shares for a total position of 240,000 shares valued at approximately $7.24 million.
• IVT recently reported quarterly earnings of $0.25 per share, well above the $0.03 consensus estimate, while revenue of $87.12 million also exceeded expectations. Institutional investors collectively own 61.70% of the company.
• Shares opened at $30.94, and analysts maintain a “Moderate Buy” consensus with an average price target of $34.57. The company pays a quarterly dividend of $0.25 per share, representing a 3.2% annualized yield.

International Assets Investment Management LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 2,987.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 240,000 shares of the company's stock after acquiring an additional 232,227 shares during the period. International Assets Investment Management LLC owned approximately 0.31% of InvenTrust Properties worth $7,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVT. Choreo LLC raised its stake in shares of InvenTrust Properties by 2.9% during the third quarter. Choreo LLC now owns 13,865 shares of the company's stock valued at $418,000 after purchasing an additional 391 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of InvenTrust Properties by 300.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,303 shares of the company's stock worth $39,000 after purchasing an additional 978 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of InvenTrust Properties by 2.7% during the third quarter. Asset Management One Co. Ltd. now owns 160,998 shares of the company's stock worth $4,854,000 after purchasing an additional 4,251 shares in the last quarter. Independence Bank of Kentucky purchased a new position in shares of InvenTrust Properties in the third quarter valued at $106,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of InvenTrust Properties by 32.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,680 shares of the company's stock valued at $654,000 after purchasing an additional 5,315 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Down 0.1%

IVT opened at $30.94 on Monday. The stock has a market capitalization of $2.41 billion, a PE ratio of 83.62, a P/E/G ratio of 2.52 and a beta of 0.77. The firm's fifty day moving average price is $30.96 and its 200 day moving average price is $32.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.01. InvenTrust Properties Corp. has a 12-month low of $26.81 and a 12-month high of $37.22.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.22. InvenTrust Properties had a net margin of 8.68% and a return on equity of 1.61%. The company had revenue of $87.12 million during the quarter, compared to analyst estimates of $84.18 million. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 3.2%. InvenTrust Properties's dividend payout ratio is presently 270.27%.

Analyst Ratings Changes

Several research firms recently issued reports on IVT. Wall Street Zen raised shares of InvenTrust Properties from a "sell" rating to a "hold" rating in a research note on Saturday. Truist Financial set a $32.00 price objective on shares of InvenTrust Properties and gave the company a "hold" rating in a research report on Thursday, October 1st. Wells Fargo & Company set a $34.00 target price on InvenTrust Properties and gave the company an "overweight" rating in a research note on Friday, October 23rd. Weiss Ratings raised InvenTrust Properties from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. Finally, BTIG Research reaffirmed a "buy" rating and set a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.57.

About InvenTrust Properties

InvenTrust Properties Corp. NYSE: IVT is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company's portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.

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