InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Cedar Brook Financial Partners LLC

Cedar Brook Financial Partners LLC lowered its position in InvenTrust Properties Corp. (NYSE:IVT) by 44.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,257 shares of the company’s stock after selling 18,842 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in InvenTrust Properties were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its holdings in InvenTrust Properties by 2.8% in the 1st quarter. Chilton Capital Management LLC now owns 525,554 shares of the company’s stock worth $12,394,000 after buying an additional 14,172 shares in the last quarter. Investmark Advisory Group LLC lifted its holdings in InvenTrust Properties by 5.5% in the 1st quarter. Investmark Advisory Group LLC now owns 10,135 shares of the company’s stock worth $237,000 after buying an additional 526 shares in the last quarter. State Street Corp lifted its holdings in InvenTrust Properties by 0.6% in the 1st quarter. State Street Corp now owns 2,691,208 shares of the company’s stock worth $63,542,000 after buying an additional 17,179 shares in the last quarter. First Trust Advisors LP lifted its holdings in InvenTrust Properties by 22.4% in the 1st quarter. First Trust Advisors LP now owns 56,710 shares of the company’s stock worth $1,327,000 after buying an additional 10,377 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of InvenTrust Properties by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 1,438,968 shares of the company’s stock valued at $33,672,000 after purchasing an additional 51,235 shares in the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $24.66 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a fifty-two week low of $20.76 and a fifty-two week high of $26.45. The firm has a 50-day simple moving average of $24.02 and a 200 day simple moving average of $23.10. The company has a market cap of $1.67 billion, a PE ratio of 411.07, a P/E/G ratio of 4.53 and a beta of 1.33.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.2155 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Thursday, June 29th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.19. InvenTrust Properties’s dividend payout ratio is currently 1,433.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IVT. Compass Point upped their target price on shares of InvenTrust Properties from $23.00 to $25.00 in a research note on Wednesday, August 2nd. TheStreet upgraded shares of InvenTrust Properties from a “d+” rating to a “c-” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company began coverage on shares of InvenTrust Properties in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $25.00 target price on the stock.

InvenTrust Properties Profile

InvenTrust Properties Corp. (we, the Company, our, us, "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.