Prime Capital Investment Advisors LLC Sells 2,400 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Prime Capital Investment Advisors LLC lowered its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,102 shares of the company’s stock after selling 2,400 shares during the period. Prime Capital Investment Advisors LLC’s holdings in InvenTrust Properties were worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its position in InvenTrust Properties by 6.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,470 shares of the company’s stock worth $2,311,000 after purchasing an additional 5,221 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 21.9% during the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after acquiring an additional 738,784 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of InvenTrust Properties in the third quarter worth approximately $327,000. Asset Management One Co. Ltd. boosted its holdings in InvenTrust Properties by 4.2% in the third quarter. Asset Management One Co. Ltd. now owns 155,058 shares of the company’s stock valued at $4,399,000 after acquiring an additional 6,251 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in InvenTrust Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,711 shares of the company’s stock valued at $345,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $30.16 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.37. The company has a fifty day moving average of $29.48 and a 200-day moving average of $27.22. The firm has a market capitalization of $2.33 billion, a P/E ratio of 334.56, a P/E/G ratio of 3.68 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). The company had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.72 EPS for the current year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.00%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IVT shares. Compass Point boosted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.