Y Intercept Hong Kong Ltd Decreases Stake in InvenTrust Properties Corp. (NYSE:IVT)

Y Intercept Hong Kong Ltd cut its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 60.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,132 shares of the company’s stock after selling 23,176 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in InvenTrust Properties were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of InvenTrust Properties in the 3rd quarter valued at $27,000. Creekmur Asset Management LLC boosted its holdings in InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in InvenTrust Properties during the 2nd quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after buying an additional 693 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.4 %

IVT stock opened at $31.08 on Tuesday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 345.33, a P/E/G ratio of 3.56 and a beta of 0.97. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The firm has a 50-day simple moving average of $30.21 and a 200-day simple moving average of $28.16. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities analysts forecast that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IVT has been the subject of a number of analyst reports. Compass Point boosted their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company increased their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Finally, Jefferies Financial Group assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They set a “hold” rating and a $33.00 target price on the stock.

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.