InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,382 shares of the company’s stock after selling 1,664 shares during the period. Focus Financial Network Inc.’s holdings in InvenTrust Properties were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new stake in shares of InvenTrust Properties in the 3rd quarter valued at approximately $27,000. Creekmur Asset Management LLC lifted its position in shares of InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after acquiring an additional 795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares in the last quarter. Vestcor Inc purchased a new stake in shares of InvenTrust Properties in the 3rd quarter valued at approximately $104,000. Finally, US Bancorp DE lifted its position in shares of InvenTrust Properties by 39.8% in the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company’s stock valued at $108,000 after acquiring an additional 1,085 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock opened at $30.76 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The firm has a fifty day moving average price of $29.88 and a two-hundred day moving average price of $29.52. The company has a market cap of $2.37 billion, a PE ratio of 341.80, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. Analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 2.94%. InvenTrust Properties’s payout ratio is 1,011.22%.

InvenTrust Properties Company 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.