InvenTrust Properties (NYSE:IVT) Issues Quarterly Earnings Results

InvenTrust Properties (NYSE:IVT) released its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.22, FiscalAI reports. The business had revenue of $87.12 million for the quarter, compared to the consensus estimate of $84.18 million. InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%.

InvenTrust Properties Stock Down 0.7%

Shares of IVT stock opened at $30.11 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The company’s fifty day moving average price is $31.05 and its 200-day moving average price is $32.05. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 150.53, a PEG ratio of 2.45 and a beta of 0.77.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IVT shares. Weiss Ratings upgraded InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Truist Financial set a $32.00 target price on InvenTrust Properties and gave the company a “hold” rating in a research report on Thursday, October 1st. Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Wells Fargo & Company set a $34.00 price target on InvenTrust Properties and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.57.

About InvenTrust Properties

InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.