Integrated Wealth Concepts LLC Sells 3,079 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Integrated Wealth Concepts LLC decreased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,542 shares of the company’s stock after selling 3,079 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in InvenTrust Properties were worth $214,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in InvenTrust Properties by 80.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,633 shares of the company’s stock worth $709,000 after buying an additional 12,771 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of InvenTrust Properties by 2.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 76,249 shares of the company’s stock worth $1,888,000 after purchasing an additional 1,500 shares during the period. Beacon Capital Management LLC grew its holdings in InvenTrust Properties by 23.3% during the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after purchasing an additional 693 shares during the last quarter. Bank of New York Mellon Corp raised its position in InvenTrust Properties by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company’s stock worth $8,111,000 after purchasing an additional 25,918 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in InvenTrust Properties in the second quarter worth about $318,000. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IVT has been the topic of a number of analyst reports. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Jefferies Financial Group initiated coverage on InvenTrust Properties in a research note on Tuesday, November 19th. They issued a “hold” rating and a $33.00 target price on the stock. 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 research note on Wednesday, August 28th. Finally, Compass Point raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th.

InvenTrust Properties Stock Up 0.2 %

InvenTrust Properties stock opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 344.00, a PEG ratio of 3.56 and a beta of 0.97. The business has a fifty day moving average price of $30.21 and a 200-day moving average price of $28.10. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million during the quarter. During the same quarter in the prior year, the company posted $0.41 EPS. Equities research analysts forecast that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.92%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 1,000.00%.

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.