InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC lowered its stake in InvenTrust Properties Corp. (NYSE:IVT) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,247 shares of the company’s stock after selling 3,141 shares during the quarter. Gallacher Capital Management LLC’s holdings in InvenTrust Properties were worth $248,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares during the period. Barclays PLC lifted its holdings in InvenTrust Properties by 285.3% in the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after acquiring an additional 80,728 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in InvenTrust Properties in the 3rd quarter valued at about $1,980,000. Entropy Technologies LP acquired a new stake in InvenTrust Properties in the 4th quarter valued at about $536,000. Finally, Rhumbline Advisers lifted its holdings in InvenTrust Properties by 11.2% in the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock valued at $4,092,000 after acquiring an additional 13,722 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT stock opened at $28.68 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The firm has a market capitalization of $2.22 billion, a PE ratio of 159.32, a P/E/G ratio of 3.34 and a beta of 0.96. The firm has a 50-day moving average of $29.53 and a two-hundred day moving average of $29.77.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.31%. InvenTrust Properties’s dividend payout ratio is currently 500.00%.

Wall Street Analysts Forecast Growth

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

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.