Voya Investment Management LLC Reduces Stake in InvenTrust Properties Corp. (NYSE:IVT)

Voya Investment Management LLC trimmed its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 20,800 shares of the company’s stock after selling 1,623 shares during the quarter. Voya Investment Management LLC’s holdings in InvenTrust Properties were worth $627,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IVT. JPMorgan Chase & Co. boosted its position in shares of InvenTrust Properties by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after buying an additional 35,428 shares in the last quarter. Barclays PLC lifted its holdings in shares of InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after purchasing an additional 80,728 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of InvenTrust Properties in the fourth quarter valued at approximately $536,000. New Age Alpha Advisors LLC purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $848,000. Finally, Rhumbline Advisers raised its position in shares of InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after purchasing an additional 13,722 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.5 %

IVT stock opened at $28.01 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 155.62, a PEG ratio of 3.34 and a beta of 0.93. The business has a fifty day simple moving average of $28.19 and a 200-day simple moving average of $29.40. InvenTrust Properties Corp. has a 52 week low of $23.69 and a 52 week high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, equities research analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.2376 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.39%. The ex-dividend date was Monday, March 31st. InvenTrust Properties’s payout ratio is currently 413.04%.

Wall Street Analysts Forecast Growth

IVT has been the subject of a number of analyst reports. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating for the company. Wells Fargo & Company reduced their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, BTIG Research initiated coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a “buy” rating and a $31.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.80.

About InvenTrust Properties

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.