Koshinski Asset Management Inc. decreased its position in shares of InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,827 shares of the company's stock after selling 3,125 shares during the quarter. Koshinski Asset Management Inc. owned about 0.09% of InvenTrust Properties worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of IVT. HighTower Trust Company N.A. bought a new stake in InvenTrust Properties during the third quarter worth $222,000. Private Trust Co. NA bought a new stake in InvenTrust Properties during the second quarter worth $131,000. Verition Fund Management LLC bought a new stake in InvenTrust Properties during the second quarter worth $355,000. Captrust Financial Advisors bought a new stake in InvenTrust Properties during the second quarter worth $455,000. Finally, Legal & General Group Plc grew its holdings in 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 buying an additional 40,107 shares in the last quarter. Institutional investors own 51.76% of the company's stock.
Get InvenTrust Properties alerts:Analysts Set New Price Targets
Several brokerages recently issued reports on IVT. Bank of America began coverage on InvenTrust Properties in a report on Thursday, September 29th. They set a "neutral" rating and a $26.00 price target for the company. TheStreet downgraded InvenTrust Properties from a "c-" rating to a "d" rating in a research note on Tuesday, November 1st.
InvenTrust Properties Stock Up 2.5 %
Shares of NYSE:IVT opened at $23.57 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.50. 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 business has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $25.34. InvenTrust Properties Corp. has a 1 year low of $20.82 and a 1 year high of $32.93.InvenTrust Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 29th will be paid a $0.2052 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Wednesday, December 28th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.21. InvenTrust Properties's dividend payout ratio is 134.43%.
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.
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