Moran Wealth Management LLC Invests $1.44 Million in InvenTrust Properties Corp. $IVT

Moran Wealth Management LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 52,701 shares of the company’s stock, valued at approximately $1,444,000. Moran Wealth Management LLC owned approximately 0.07% of InvenTrust Properties at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in InvenTrust Properties by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock valued at $501,000 after purchasing an additional 1,040 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock worth $1,103,000 after purchasing an additional 475 shares during the last quarter. Vanderbilt University increased its stake in shares of InvenTrust Properties by 13.6% in the first quarter. Vanderbilt University now owns 23,220 shares of the company’s stock valued at $682,000 after buying an additional 2,782 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of InvenTrust Properties by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 163,532 shares of the company’s stock valued at $4,803,000 after buying an additional 5,528 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of InvenTrust Properties by 659.6% in the first quarter. Spire Wealth Management now owns 6,259 shares of the company’s stock valued at $184,000 after buying an additional 5,435 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Trading Up 1.4%

Shares of NYSE IVT opened at $27.85 on Thursday. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The firm has a market capitalization of $2.16 billion, a P/E ratio of 19.34, a P/E/G ratio of 3.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company’s 50 day simple moving average is $28.77 and its 200 day simple moving average is $28.03.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 65.97%.

Analysts Set New Price Targets

A number of brokerages have commented on IVT. Weiss Ratings reissued a “buy (b)” rating on shares of InvenTrust Properties in a report on Tuesday. Wells Fargo & Company increased their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

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.