Resona Asset Management Co. Ltd. Sells 2,412 Shares of InvenTrust Properties Corp. $IVT

Resona Asset Management Co. Ltd. lessened its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,213 shares of the company’s stock after selling 2,412 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in InvenTrust Properties were worth $860,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Avalon Trust Co bought a new position in shares of InvenTrust Properties during the first quarter worth about $36,000. Quaker Wealth Management LLC increased its position in InvenTrust Properties by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after purchasing an additional 2,894 shares during the period. Trust Co. of Toledo NA OH bought a new position in InvenTrust Properties during the 2nd quarter worth approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of InvenTrust Properties in the 1st quarter worth approximately $57,000. Finally, Bulwark Capital Corp bought a new stake in shares of InvenTrust Properties in the 2nd quarter valued at $57,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $28.01 on Wednesday. The business’s 50 day simple moving average is $28.52 and its 200 day simple moving average is $28.12. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 3.25 and a beta of 0.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.2377 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. InvenTrust Properties’s dividend payout ratio is 62.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on IVT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of InvenTrust Properties in a research note on Thursday, November 6th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They set an “overweight” rating and a $33.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

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.