InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,769 shares of the company’s stock after purchasing an additional 1,654 shares during the quarter. Apollon Wealth Management LLC’s holdings in InvenTrust Properties were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IVT. SG Americas Securities LLC acquired a new position in InvenTrust Properties in the third quarter worth $410,000. CWM LLC boosted its holdings in shares of InvenTrust Properties by 9.3% during the third quarter. CWM LLC now owns 9,022 shares of the company’s stock valued at $256,000 after acquiring an additional 766 shares during the period. Seven Grand Managers LLC acquired a new position in shares of InvenTrust Properties during the third quarter valued at $3,575,000. International Assets Investment Management LLC boosted its holdings in shares of InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after acquiring an additional 248,050 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $30.76 on Friday. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The firm’s 50-day simple moving average is $29.88 and its 200 day simple moving average is $29.52. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.37 billion, a P/E ratio of 341.80, a P/E/G ratio of 3.28 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last issued 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 net margin of 2.52% and a return on equity of 0.42%. Equities analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 2.94%. InvenTrust Properties’s payout ratio is 1,011.22%.

InvenTrust Properties 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.