Prime Capital Investment Advisors LLC Sells 2,400 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Prime Capital Investment Advisors LLC cut its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,102 shares of the company’s stock after selling 2,400 shares during the period. Prime Capital Investment Advisors LLC owned approximately 0.06% of InvenTrust Properties worth $1,251,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of InvenTrust Properties by 4,944.5% during the first quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock worth $189,000 after purchasing an additional 7,219 shares during the period. ProShare Advisors LLC increased its stake in InvenTrust Properties by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,223 shares of the company’s stock worth $314,000 after acquiring an additional 961 shares during the period. Vanguard Group Inc. raised its holdings in InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after acquiring an additional 91,579 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of InvenTrust Properties by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock valued at $745,000 after acquiring an additional 565 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of InvenTrust Properties by 899.3% during the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after purchasing an additional 3,669 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Down 0.7 %

Shares of NYSE IVT opened at $30.16 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 334.56, a PEG ratio of 3.68 and a beta of 0.97. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.37. The stock has a 50-day moving average price of $29.48 and a two-hundred day moving average price of $27.22.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The company had revenue of $68.52 million for the quarter. During the same period last year, the company posted $0.41 EPS. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 1,000.00%.

Analysts Set New Price Targets

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

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.