Signature Estate & Investment Advisors LLC Acquires 882 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Signature Estate & Investment Advisors LLC raised its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,723 shares of the company’s stock after acquiring an additional 882 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in InvenTrust Properties were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IVT. Principal Financial Group Inc. boosted its holdings in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after purchasing an additional 738,784 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after acquiring an additional 248,050 shares in the last quarter. Savant Capital LLC bought a new stake in shares of InvenTrust Properties in the 2nd quarter worth approximately $4,445,000. Seven Grand Managers LLC bought a new position in shares of InvenTrust Properties during the 3rd quarter valued at $3,575,000. Finally, Millennium Management LLC raised its position in InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock worth $24,732,000 after purchasing an additional 122,248 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock opened at $30.16 on Friday. The business has a 50 day moving average of $29.51 and a 200 day moving average of $27.28. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.37. The company has a market cap of $2.33 billion, a PE ratio of 335.15, a P/E/G ratio of 3.66 and a beta of 0.97. 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 (NYSE:IVT) last posted its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS 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 return on equity of 0.42% and a net margin of 2.52%. During the same period last year, the company posted $0.41 earnings per share. As a group, equities research analysts forecast that InvenTrust Properties Corp. will post 1.72 earnings per share for the current year.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s payout ratio is 1,011.22%.

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.