Resona Asset Management Co. Ltd. Sells 2,412 Shares of InvenTrust Properties Corp. $IVT

Resona Asset Management Co. Ltd. cut its position in InvenTrust Properties Corp. (NYSE:IVT) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,213 shares of the company’s stock after selling 2,412 shares during the period. Resona Asset Management Co. Ltd.’s holdings in InvenTrust Properties were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IVT. Bank of New York Mellon Corp lifted its holdings in shares of InvenTrust Properties by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 343,373 shares of the company’s stock valued at $9,408,000 after purchasing an additional 13,765 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in InvenTrust Properties by 8.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 13,638 shares of the company’s stock worth $374,000 after buying an additional 1,108 shares during the period. Quaker Wealth Management LLC lifted its stake in InvenTrust Properties by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after buying an additional 2,894 shares in the last quarter. Chilton Capital Management LLC lifted its stake in InvenTrust Properties by 1.3% in the second quarter. Chilton Capital Management LLC now owns 251,913 shares of the company’s stock valued at $6,956,000 after buying an additional 3,249 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of InvenTrust Properties by 5.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 68,814 shares of the company’s stock valued at $1,886,000 after buying an additional 3,437 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on IVT shares. Wells Fargo & Company initiated coverage on InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 price target for the company. LADENBURG THALM/SH SH started coverage on shares of InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price objective on the stock. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of InvenTrust Properties in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

InvenTrust Properties Stock Up 2.8%

InvenTrust Properties stock opened at $28.01 on Wednesday. The company’s 50-day moving average price is $28.52 and its two-hundred day moving average price is $28.12. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.17 billion, a P/E ratio of 18.31, a P/E/G ratio of 3.25 and a beta of 0.86. InvenTrust Properties Corp. has a twelve month low of $25.21 and a twelve month high of $31.65.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid 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 was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 62.09%.

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.