InvenTrust Properties Corp. (NYSE:IVT) Stake Trimmed by First Trust Advisors LP

First Trust Advisors LP trimmed its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,197 shares of the company's stock after selling 27,042 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of InvenTrust Properties worth $1,241,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IVT. FIL Ltd grew its position in InvenTrust Properties by 17.4% during the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after purchasing an additional 332 shares in the last quarter. Allworth Financial LP increased its holdings in shares of InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the period. NewEdge Advisors LLC increased its holdings 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 period. EntryPoint Capital LLC lifted its position in shares of InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after purchasing an additional 682 shares in the last quarter. Finally, US Bancorp DE grew its position in InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

IVT opened at $28.11 on Thursday. The stock has a 50-day moving average of $28.23 and a 200-day moving average of $29.41. 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. The company has a market cap of $2.18 billion, a PE ratio of 156.16, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.2376 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is currently 413.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $31.80.

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.

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