FORA Capital LLC Acquires New Holdings in InvenTrust Properties Corp. (NYSE:IVT)

FORA Capital LLC bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,974 shares of the company’s stock, valued at approximately $623,000.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after purchasing an additional 738,784 shares during the last quarter. FMR LLC lifted its position in shares of InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after acquiring an additional 578,028 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after acquiring an additional 248,050 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of InvenTrust Properties during the second quarter valued at $4,445,000. Finally, Charles Schwab Investment Management Inc. increased its position in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock worth $33,467,000 after purchasing an additional 175,838 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 1.6 %

Shares of IVT opened at $31.30 on Friday. The firm has a market cap of $2.41 billion, a PE ratio of 347.78, a price-to-earnings-growth ratio of 3.54 and a beta of 0.97. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $29.74 and its two-hundred day moving average is $27.63. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the previous year, the company earned $0.41 EPS. Analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s dividend payout ratio is presently 1,000.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IVT. Compass Point raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th.

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.