Signature Estate & Investment Advisors LLC Has $389,000 Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Signature Estate & Investment Advisors LLC raised its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,723 shares of the company’s stock after buying an additional 882 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in InvenTrust Properties were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IVT. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of InvenTrust Properties by 6.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,470 shares of the company’s stock valued at $2,311,000 after buying an additional 5,221 shares during the last quarter. Principal Financial Group Inc. lifted its stake in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after acquiring an additional 738,784 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in InvenTrust Properties during the 3rd quarter worth $327,000. Asset Management One Co. Ltd. grew its stake in shares of InvenTrust Properties by 4.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 155,058 shares of the company’s stock worth $4,399,000 after acquiring an additional 6,251 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of InvenTrust Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,711 shares of the company’s stock valued at $345,000 after purchasing an additional 1,285 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $30.16 on Friday. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.37. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $29.51 and its 200 day moving average is $27.28. The stock has a market capitalization of $2.33 billion, a PE ratio of 335.15, a price-to-earnings-growth ratio of 3.66 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same quarter in the previous year, the firm posted $0.41 EPS. Sell-side analysts expect that InvenTrust Properties Corp. will post 1.72 earnings per share for the current year.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,011.22%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IVT. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point lifted their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd.

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.