Wealth Enhancement Advisory Services LLC Increases Position in InvenTrust Properties Corp. $IVT

Key Points

• Wealth Enhancement Advisory Services LLC increased its position in InvenTrust Properties Corp. by 67.5%, owning 28,543 shares valued at $784,000 after adding 11,499 shares in the second quarter.
• InvenTrust Properties announced a quarterly dividend of $0.2377, payable on October 15th, representing an annualized yield of 3.4%.
• Brokerages have rated InvenTrust Properties with an average rating of "Moderate Buy" and a target price of $32.50, with Wells Fargo recently boosting its price target to $34.00.

Wealth Enhancement Advisory Services LLC raised its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 67.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,543 shares of the company's stock after purchasing an additional 11,499 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in InvenTrust Properties were worth $784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in InvenTrust Properties by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 72,349 shares of the company's stock valued at $1,982,000 after purchasing an additional 7,017 shares during the period. Bulwark Capital Corp purchased a new stake in InvenTrust Properties in the second quarter valued at approximately $57,000. Strs Ohio purchased a new stake in InvenTrust Properties in the first quarter valued at approximately $429,000. Intech Investment Management LLC raised its position in InvenTrust Properties by 43.5% in the first quarter. Intech Investment Management LLC now owns 48,631 shares of the company's stock valued at $1,428,000 after purchasing an additional 14,745 shares during the period. Finally, Jane Street Group LLC purchased a new stake in InvenTrust Properties in the first quarter valued at approximately $1,022,000. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $28.20 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86. The business's fifty day moving average price is $28.76 and its 200 day moving average price is $28.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. InvenTrust Properties's dividend payout ratio is 65.97%.

Analyst Ratings Changes

A number of brokerages have issued reports on IVT. Wells Fargo & Company boosted their target price on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on InvenTrust Properties in a research report on Tuesday, September 9th. They set a "neutral" rating and a $31.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, InvenTrust Properties has an average rating of "Moderate Buy" and an average price target 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.

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.