Moran Wealth Management LLC Invests $1.44 Million in InvenTrust Properties Corp. $IVT

Key Points

• Moran Wealth Management LLC has invested approximately $1.44 million in InvenTrust Properties Corp., acquiring 52,701 shares in the company.
• InvenTrust Properties has recently declared a quarterly dividend of $0.2377 per share, reflecting an annualized dividend yield of 3.4%.
• A number of brokerages have given InvenTrust Properties a consensus rating of "Moderate Buy" with a target price of $32.50, indicating positive market sentiment.

Moran Wealth Management LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 52,701 shares of the company's stock, valued at approximately $1,444,000. Moran Wealth Management LLC owned approximately 0.07% of InvenTrust Properties at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in InvenTrust Properties by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company's stock valued at $501,000 after purchasing an additional 1,040 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after purchasing an additional 475 shares during the last quarter. Vanderbilt University increased its stake in shares of InvenTrust Properties by 13.6% in the first quarter. Vanderbilt University now owns 23,220 shares of the company's stock valued at $682,000 after buying an additional 2,782 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of InvenTrust Properties by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 163,532 shares of the company's stock valued at $4,803,000 after buying an additional 5,528 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of InvenTrust Properties by 659.6% in the first quarter. Spire Wealth Management now owns 6,259 shares of the company's stock valued at $184,000 after buying an additional 5,435 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Trading Up 1.4%

Shares of NYSE IVT opened at $27.85 on Thursday. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The firm has a market capitalization of $2.16 billion, a P/E ratio of 19.34, a P/E/G ratio of 3.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company's 50 day simple moving average is $28.77 and its 200 day simple moving average is $28.03.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties's dividend payout ratio (DPR) is currently 65.97%.

Analysts Set New Price Targets

A number of brokerages have commented on IVT. Weiss Ratings reissued a "buy (b)" rating on shares of InvenTrust Properties in a report on Tuesday. Wells Fargo & Company increased their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a report on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, InvenTrust Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

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.

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