LPL Financial LLC trimmed its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,239 shares of the company’s stock after selling 10,524 shares during the period. LPL Financial LLC owned about 0.19% of InvenTrust Properties worth $3,001,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of InvenTrust Properties during the first quarter valued at about $171,169,000. BlackRock Inc. purchased a new stake in InvenTrust Properties in the first quarter worth $71,167,000. State Street Corp bought a new stake in InvenTrust Properties during the first quarter worth about $44,161,000. Charles Schwab Investment Management Inc. bought a new stake in InvenTrust Properties during the first quarter worth about $20,038,000. Finally, Northern Trust Corp raised its stake in InvenTrust Properties by 167.5% during the second quarter. Northern Trust Corp now owns 776,100 shares of the company’s stock valued at $20,016,000 after buying an additional 485,917 shares during the last quarter. 57.70% of the stock is currently owned by hedge funds and other institutional investors.
InvenTrust Properties Stock Performance
NYSE:IVT opened at $24.14 on Wednesday. The stock has a 50-day moving average price of $23.89 and a 200 day moving average price of $23.08. The stock has a market capitalization of $1.63 billion, a P/E ratio of 402.40, a P/E/G ratio of 4.57 and a beta of 1.33. InvenTrust Properties Corp. has a 12-month low of $20.76 and a 12-month high of $27.59. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.53.
InvenTrust Properties Increases Dividend
Analyst Ratings Changes
A number of research firms have weighed in on IVT. TheStreet upgraded shares of InvenTrust Properties from a “d+” rating to a “c-” rating in a research note on Wednesday, August 9th. Wells Fargo & Company assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $25.00 target price for the company. Finally, Compass Point boosted their price target on InvenTrust Properties from $23.00 to $25.00 in a research note on Wednesday, August 2nd.
Check Out Our Latest Stock Analysis on IVT
About InvenTrust Properties
InvenTrust Properties Corp. (we, the Company, our, us, "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.
Read More
- Five stocks we like better than InvenTrust Properties
- How and Why to Invest in Oil Stocks
- 5 Ways to Play Retail that will Profit in 2023
- Most Active Stocks: Dollar Volume vs Share Volume
- This Is Why It’s Not Too Late For You To Buy Meta Stock
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Why Analysts Say GE’s Healthcare Spinoff Has $20 Upside
Receive News & Ratings for InvenTrust Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenTrust Properties and related companies with MarketBeat.com's FREE daily email newsletter.
