Newbridge Financial Services Group Inc. Trims Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Newbridge Financial Services Group Inc. trimmed its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,050 shares of the company’s stock after selling 332 shares during the period. Newbridge Financial Services Group Inc.’s holdings in InvenTrust Properties were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

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

InvenTrust Properties Stock Up 1.3 %

Shares of NYSE:IVT opened at $30.20 on Wednesday. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The firm has a fifty day moving average of $29.91 and a 200 day moving average of $29.49. The firm has a market capitalization of $2.33 billion, a PE ratio of 335.62, a price-to-earnings-growth ratio of 3.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. As a group, research analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 annualized dividend and a yield of 3.00%. InvenTrust Properties’s payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

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

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.