Cliftonlarsonallen Wealth Advisors LLC Takes $329,000 Position in InvenTrust Properties Corp. $IVT

Cliftonlarsonallen Wealth Advisors LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,000 shares of the company’s stock, valued at approximately $329,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Avalon Trust Co purchased a new stake in shares of InvenTrust Properties in the 1st quarter valued at $36,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in InvenTrust Properties during the first quarter valued at about $57,000. Bulwark Capital Corp bought a new position in shares of InvenTrust Properties during the second quarter valued at about $57,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of InvenTrust Properties in the second quarter worth about $63,000. Finally, Comerica Bank lifted its stake in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Price Performance

IVT opened at $28.20 on Friday. The stock’s 50 day moving average price is $28.76 and its 200-day moving average price is $28.13. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.65. The stock has a market capitalization of $2.19 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.2377 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.95 annualized dividend and a yield of 3.4%. InvenTrust Properties’s dividend payout ratio is 65.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 target price on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.