Koshinski Asset Management Inc. decreased its stake in InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,827 shares of the company's stock after selling 3,125 shares during the quarter. Koshinski Asset Management Inc.'s holdings in InvenTrust Properties were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. HighTower Trust Company N.A. acquired a new position in InvenTrust Properties in the third quarter valued at about $222,000. Private Trust Co. NA acquired a new position in InvenTrust Properties in the second quarter valued at about $131,000. Verition Fund Management LLC acquired a new stake in shares of InvenTrust Properties during the second quarter worth about $355,000. Captrust Financial Advisors acquired a new stake in shares of InvenTrust Properties during the second quarter worth about $455,000. Finally, Legal & General Group Plc raised its position in shares of InvenTrust Properties by 13.1% during the second quarter. Legal & General Group Plc now owns 346,771 shares of the company's stock worth $8,943,000 after purchasing an additional 40,107 shares during the period. Institutional investors and hedge funds own 51.76% of the company's stock.
Get InvenTrust Properties alerts:InvenTrust Properties Trading Up 1.7 %
NYSE IVT opened at $23.18 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.26 and a quick ratio of 4.26. The firm has a market cap of $1.56 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.38 and a beta of 1.50. InvenTrust Properties Corp. has a one year low of $20.82 and a one year high of $32.93. The stock's 50-day moving average is $24.31 and its 200-day moving average is $25.37.
InvenTrust Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 29th will be issued a dividend of $0.2052 per share. The ex-dividend date is Wednesday, December 28th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.21. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.54%. InvenTrust Properties's dividend payout ratio (DPR) is presently 134.43%.Wall Street Analyst Weigh In
IVT has been the topic of a number of research analyst reports. Bank of America initiated coverage on InvenTrust Properties in a research report on Thursday, September 29th. They set a "neutral" rating and a $26.00 price target on the stock. TheStreet lowered InvenTrust Properties from a "c-" rating to a "d" rating in a research report on Tuesday, November 1st.
About InvenTrust Properties
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InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.
Further Reading
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