Harbor Capital Advisors Inc. Reduces Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Harbor Capital Advisors Inc. lowered its position in InvenTrust Properties Corp. (NYSE:IVT) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,546 shares of the company’s stock after selling 4,065 shares during the quarter. Harbor Capital Advisors Inc. owned 0.06% of InvenTrust Properties worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVT. Farmers & Merchants Investments Inc. acquired a new position in shares of InvenTrust Properties in the third quarter worth about $27,000. Creekmur Asset Management LLC boosted its stake in shares of InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after buying an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of InvenTrust Properties during the second quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC raised its holdings in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after acquiring an additional 693 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IVT has been the subject of several recent analyst reports. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Compass Point boosted their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. 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 report on Wednesday, August 28th.

InvenTrust Properties Stock Up 0.6 %

Shares of NYSE:IVT opened at $29.88 on Wednesday. The company’s fifty day moving average is $29.32 and its two-hundred day moving average is $27.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $30.33. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 332.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The business had revenue of $68.52 million for the quarter. During the same quarter last year, the business posted $0.41 EPS. Equities analysts anticipate that InvenTrust Properties Corp. will post 1.72 EPS for the current year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 1,011.22%.

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.