Balyasny Asset Management L.P. Sells 274,289 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Balyasny Asset Management L.P. reduced its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 889,384 shares of the company’s stock after selling 274,289 shares during the quarter. Balyasny Asset Management L.P. owned 1.15% of InvenTrust Properties worth $26,797,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IVT. JPMorgan Chase & Co. grew its position in InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after acquiring an additional 35,428 shares during the last quarter. Barclays PLC grew its holdings in shares of InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after purchasing an additional 80,728 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of InvenTrust Properties in the fourth quarter valued at approximately $536,000. New Age Alpha Advisors LLC bought a new position in InvenTrust Properties in the 4th quarter valued at approximately $848,000. Finally, Rhumbline Advisers boosted its position in InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after buying an additional 13,722 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.3 %

InvenTrust Properties stock opened at $27.99 on Wednesday. The firm has a 50 day simple moving average of $28.26 and a 200 day simple moving average of $29.42. 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 1-year low of $23.69 and a 1-year high of $31.65. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 155.51, a P/E/G ratio of 3.34 and a beta of 0.93.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.2376 per share. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.40%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is currently 413.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IVT shares. BTIG Research assumed coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a “buy” rating and a $31.00 target price for the company. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company reduced their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

About InvenTrust Properties

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.