Analysts Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $31.80

Shares of InvenTrust Properties Corp. (NYSE:IVT) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.80.

A number of analysts have recently issued reports on IVT shares. BTIG Research began coverage on InvenTrust Properties in a research note on Monday. They issued a “buy” rating and a $31.00 price target on the stock. Wolfe Research started coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating for the company. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVT. FIL Ltd lifted its position in InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock valued at $67,000 after buying an additional 332 shares during the last quarter. Allworth Financial LP boosted its position in shares of InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after purchasing an additional 383 shares during the period. NewEdge Advisors LLC increased its holdings in InvenTrust Properties by 29.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock valued at $62,000 after purchasing an additional 465 shares during the last quarter. State of Alaska Department of Revenue raised its position in InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after purchasing an additional 475 shares during the period. Finally, Cerity Partners LLC lifted its stake in InvenTrust Properties by 3.8% during the first quarter. Cerity Partners LLC now owns 14,844 shares of the company’s stock worth $436,000 after purchasing an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.2 %

Shares of IVT stock opened at $27.90 on Monday. InvenTrust Properties has a 1-year low of $23.69 and a 1-year high of $31.65. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 155.00, a PEG ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a 50 day simple moving average of $28.37 and a 200-day simple moving average of $29.46.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, equities research analysts expect that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.41%. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

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.