Focus Financial Network Inc. Trims Stake in InvenTrust Properties Corp. (NYSE:IVT)

Focus Financial Network Inc. reduced its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,431 shares of the company’s stock after selling 951 shares during the period. Focus Financial Network Inc.’s holdings in InvenTrust Properties were worth $277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after acquiring an additional 245,343 shares in the last quarter. Millennium Management LLC raised its holdings in shares of InvenTrust Properties by 51.9% in the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after purchasing an additional 839,541 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of InvenTrust Properties by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock worth $58,366,000 after acquiring an additional 120,014 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock worth $38,507,000 after acquiring an additional 98,366 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after acquiring an additional 315,380 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $27.76 on Friday. The company has a fifty day moving average of $27.75 and a two-hundred day moving average of $29.00. The stock has a market capitalization of $2.15 billion, a PE ratio of 154.22, a P/E/G ratio of 3.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $24.13 and a fifty-two week high of $31.65.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BTIG Research started coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective on the stock. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.