Zimmer Partners LP Sells 150,000 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Zimmer Partners LP cut its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,000 shares of the company's stock after selling 150,000 shares during the period. Zimmer Partners LP owned 0.45% of InvenTrust Properties worth $10,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in shares of InvenTrust Properties by 6.0% in the fourth 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. Millennium Management LLC grew its position in shares of InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock worth $74,039,000 after buying an additional 839,541 shares during the period. Geode Capital Management LLC grew 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 buying an additional 120,014 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $38,507,000 after buying an additional 98,366 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after buying an additional 315,380 shares during the period. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IVT shares. Wells Fargo & Company lowered their price target 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. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Finally, BTIG Research started coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Stock Down 0.8%

Shares of NYSE IVT opened at $28.19 on Tuesday. The stock has a market cap of $2.19 billion, a P/E ratio of 156.61, a P/E/G ratio of 3.34 and a beta of 0.93. The firm has a 50 day moving average price of $28.06 and a 200 day moving average price of $29.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.2376 per share. The ex-dividend date was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.37%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is currently 413.04%.

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.