InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in InvenTrust Properties Corp. (NYSE:IVT) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,718 shares of the company’s stock after selling 2,099 shares during the period. Koshinski Asset Management Inc.’s holdings in InvenTrust Properties were worth $805,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IVT. Principal Financial Group Inc. increased its position in InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after buying an additional 738,784 shares during the period. FMR LLC increased its position in InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after buying an additional 578,028 shares during the period. Zimmer Partners LP acquired a new stake in InvenTrust Properties in the third quarter worth $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of InvenTrust Properties by 425.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock valued at $13,132,000 after purchasing an additional 374,804 shares during the period. Finally, International Assets Investment Management LLC increased its holdings 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 purchasing an additional 248,050 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Trading Down 1.5 %

Shares of IVT stock opened at $28.75 on Thursday. The stock has a 50-day simple moving average of $30.15 and a 200 day simple moving average of $29.11. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The stock has a market capitalization of $2.22 billion, a P/E ratio of 319.47, a P/E/G ratio of 3.19 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.

InvenTrust Properties (NYSE:IVT) last announced its earnings results 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 net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same period in the prior year, the company earned $0.41 earnings per share. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.2263 dividend. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 30th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.15%. InvenTrust Properties’s dividend payout ratio (DPR) is 1,011.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IVT. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

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.