Envestnet Asset Management Inc. Acquires New Stake in InvenTrust Properties Corp. (NYSE:IVT)

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Envestnet Asset Management Inc. acquired a new position in shares of InvenTrust Properties Corp. (NYSE: IVTGet a rating) in Q1, according to its latest filing with the Securities & Exchange Commission. The fund acquired 111,310 shares of the company, valued at approximately $3,426,000. Envestnet Asset Management Inc. held 0.17% of InvenTrust Properties when it last filed with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC purchased a new stake in shares of InvenTrust Properties during the first quarter for a value of $31,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of InvenTrust Properties during the first quarter at a value of $32,000. Parallel Advisors LLC purchased a new stake in shares of InvenTrust Properties during the first quarter at a value of $41,000. Atwood & Palmer Inc. purchased a new stake in shares of InvenTrust Properties during the first quarter at a value of $45,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of InvenTrust Properties during the first quarter at a value of $48,000. 44.09% of the shares are held by hedge funds and other institutional investors.

Wall Street analysts predict growth

Separately, Compass Point began covering InvenTrust Properties in a report on Friday, April 22. They issued a “neutral” rating and a price target of $32.00 for the company.

InvenTrust Property Action Performance

IVT action opened at $29.57 on Monday. The company has a debt ratio of 0.43, a current ratio of 2.49 and a quick ratio of 2.49. The company has a 50-day moving average price of $27.28 and a 200-day moving average price of $28.12. The company has a market capitalization of $1.99 billion and a P/E ratio of 44.80. InvenTrust Properties Corp. has a 1-year low of $1.10 and a 1-year high of $32.93.

InvenTrust properties (NYSE: IVTGet a rating) last released its quarterly earnings data on Monday, August 1. The company reported earnings per share of $0.07 for the quarter, beating the consensus estimate of $0.04 by $0.03. InvenTrust Properties recorded a return on equity of 2.76% and a net margin of 19.64%.

InvenTrust Properties cuts dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.205. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.82 on an annualized basis and a yield of 2.77%. InvenTrust Properties’ dividend payout ratio is currently 124.24%.

About InvenTrust Properties

(Get a rating)

InvenTrust Properties Corp. is a leading multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and selects power centers that often have a grocery component, primarily in Sun Belt markets with favorable demographics. We are looking to continue executing our strategy to enhance our multi-tenant retail platform by investing more in grocery-anchored centers with essential retail businesses in our current markets, while demonstrating a targeted and disciplined capital allocation.

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Institutional Ownership by Quarter for InvenTrust Properties (NYSE:IVT)



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