Zimmer Partners LP Cuts Position in InvenTrust Properties Corp. (NYSE:IVT)

Zimmer Partners LP cut its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent disclosure 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 approximately 0.45% of InvenTrust Properties worth $10,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $50,000. Quarry LP bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $53,000. Jones Financial Companies Lllp lifted its stake in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after purchasing an additional 1,026 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of InvenTrust Properties by 29.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after purchasing an additional 465 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IVT has been the subject of several analyst reports. Wolfe Research initiated coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. BTIG Research started coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.80.

InvenTrust Properties Trading Down 0.1%

Shares of IVT stock traded down $0.03 on Friday, reaching $27.34. 433,712 shares of the company's stock were exchanged, compared to its average volume of 422,224. InvenTrust Properties Corp. has a 52 week low of $23.69 and a 52 week high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.12 billion, a PE ratio of 151.89, a P/E/G ratio of 3.34 and a beta of 0.93. The company's fifty day simple moving average is $27.96 and its 200 day simple moving average is $29.28.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is currently 413.04%.

InvenTrust Properties 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.