Analysts Set InvenTrust Properties Corp. (NYSE:IVT) PT at $31.60

Shares of InvenTrust Properties Corp. (NYSE:IVT) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.60.

Several analysts have commented on IVT shares. Wells Fargo & Company started coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. initiated coverage on InvenTrust Properties in a report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target for the company.

Institutional Trading of InvenTrust Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the period. Lazard Asset Management LLC raised its holdings in shares of InvenTrust Properties by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock worth $1,298,000 after purchasing an additional 465 shares during the period. Gallacher Capital Management LLC raised its holdings in shares of InvenTrust Properties by 6.1% in the 3rd quarter. Gallacher Capital Management LLC now owns 8,747 shares of the company’s stock worth $250,000 after purchasing an additional 500 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of InvenTrust Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of InvenTrust Properties by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 71,333 shares of the company’s stock worth $1,955,000 after purchasing an additional 640 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

NYSE:IVT opened at $28.61 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.85. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average is $28.60 and its two-hundred day moving average is $28.40. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.04.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.37). The firm had revenue of $74.47 million for the quarter, compared to analysts’ expectations of $73.57 million. InvenTrust Properties had a return on equity of 6.65% and a net margin of 40.46%. Research analysts expect that InvenTrust Properties will post 1.79 EPS for the current year.

InvenTrust Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were given a dividend of $0.2377 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.95 annualized dividend and a yield of 3.3%. InvenTrust Properties’s dividend payout ratio is 62.09%.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.