Koshinski Asset Management Inc. Reduces Stake in InvenTrust Properties Corp. $IVT

Koshinski Asset Management Inc. trimmed its stake in InvenTrust Properties Corp. (NYSE:IVT) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,155 shares of the company’s stock after selling 876 shares during the quarter. Koshinski Asset Management Inc.’s holdings in InvenTrust Properties were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVT. Wealth Enhancement Advisory Services LLC boosted its stake in InvenTrust Properties by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock valued at $501,000 after acquiring an additional 1,040 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after acquiring an additional 475 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in InvenTrust Properties by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 163,532 shares of the company’s stock valued at $4,803,000 after acquiring an additional 5,528 shares during the last quarter. Spire Wealth Management boosted its stake in InvenTrust Properties by 659.6% in the first quarter. Spire Wealth Management now owns 6,259 shares of the company’s stock valued at $184,000 after acquiring an additional 5,435 shares during the last quarter. Finally, KBC Group NV purchased a new position in InvenTrust Properties in the first quarter valued at about $110,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $28.01 on Monday. The firm’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $28.00. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.17 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.25 and a beta of 0.86. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65.

InvenTrust Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is 65.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of InvenTrust Properties in a research note on Friday. They issued a “neutral” rating and a $30.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. LADENBURG THALM/SH SH started coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.