Stratos Wealth Partners LTD. lessened its stake in shares of InvenTrust Properties Corp. (NYSE:IVT – Get Rating) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,776 shares of the company's stock after selling 1,489 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in InvenTrust Properties were worth $400,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in IVT. JPMorgan Chase & Co. acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $3,915,000. Raymond James & Associates acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $274,000. Bank of New York Mellon Corp acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $1,310,000. US Bancorp DE acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $48,000. Finally, Private Advisor Group LLC acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $271,000. Institutional investors and hedge funds own 51.76% of the company's stock.
Get InvenTrust Properties alerts:Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on IVT shares. TheStreet cut InvenTrust Properties from a "c-" rating to a "d" rating in a research report on Tuesday, November 1st. Bank of America started coverage on InvenTrust Properties in a research note on Thursday, September 29th. They issued a "neutral" rating and a $26.00 target price for the company.
InvenTrust Properties Stock Performance
Shares of IVT stock opened at $24.16 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.51. 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 of $24.32 and a 200 day moving average of $25.22. InvenTrust Properties Corp. has a 1 year low of $20.82 and a 1 year high of $32.93.InvenTrust Properties Increases Dividend
The business 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 dividend of $0.2052 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.21. InvenTrust Properties's dividend payout ratio (DPR) is presently 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.
Further Reading
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