Beacon Capital Management LLC Reduces Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Beacon Capital Management LLC decreased its position in InvenTrust Properties Corp. (NYSE:IVT) by 19.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,783 shares of the company’s stock after selling 1,132 shares during the quarter. Beacon Capital Management LLC’s holdings in InvenTrust Properties were worth $109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVT. JPMorgan Chase & Co. purchased a new position in shares of InvenTrust Properties during the first quarter valued at approximately $3,915,000. Raymond James & Associates purchased a new position in InvenTrust Properties during the 1st quarter valued at $274,000. Bank of New York Mellon Corp bought a new position in InvenTrust Properties in the 1st quarter worth $1,310,000. US Bancorp DE bought a new position in InvenTrust Properties in the 1st quarter worth $48,000. Finally, Private Advisor Group LLC purchased a new stake in shares of InvenTrust Properties in the 1st quarter worth about $271,000. 57.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Up 0.7 %

NYSE IVT traded up $0.17 during trading hours on Tuesday, reaching $24.61. 6,391 shares of the company’s stock traded hands, compared to its average volume of 225,460. InvenTrust Properties Corp. has a 52-week low of $20.76 and a 52-week high of $26.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $23.09. The firm has a market cap of $1.66 billion, a PE ratio of 407.73, a PEG ratio of 4.63 and a beta of 1.33.

InvenTrust Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.86 annualized dividend and a dividend yield of 3.49%. InvenTrust Properties’s payout ratio is 1,433.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IVT shares. Compass Point increased their price target on shares of InvenTrust Properties from $23.00 to $25.00 in a research note on Wednesday, August 2nd. TheStreet raised InvenTrust Properties from a “d+” rating to a “c-” rating in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company initiated coverage on InvenTrust Properties in a research report on Tuesday, May 23rd. They set an “overweight” rating and a $25.00 price target on the stock.

About InvenTrust Properties

InvenTrust Properties Corp. (we, the Company, our, us, "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.