Sigma Planning Corp Lowers Stake in InvenTrust Properties Corp. (NYSE:IVT)

Sigma Planning Corp lowered its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,571 shares of the company’s stock after selling 1,398 shares during the period. Sigma Planning Corp’s holdings in InvenTrust Properties were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Handelsbanken Fonder AB boosted its position in shares of InvenTrust Properties by 13.5% during the 4th quarter. Handelsbanken Fonder AB now owns 25,200 shares of the company’s stock worth $759,000 after purchasing an additional 3,000 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $212,000. Truist Financial Corp purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $204,000. Principal Financial Group Inc. boosted its position in shares of InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after purchasing an additional 245,343 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $545,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

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

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $29.66 on Friday. The firm has a market cap of $2.30 billion, a PE ratio of 164.80, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $29.69 and its two-hundred day moving average is $29.68.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, research analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.05%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.

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.