InvenTrust Properties Corp. (NYSE:IVT) Given Average Rating of “Moderate Buy” by Analysts

InvenTrust Properties Corp. (NYSE:IVT) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.80.

A number of research analysts have recently weighed in on IVT shares. Wolfe Research assumed coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. Wells Fargo & Company decreased their price objective on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, BTIG Research assumed coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a “buy” rating and a $31.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in InvenTrust Properties by 25.6% during the 4th quarter. Van ECK Associates Corp now owns 14,711 shares of the company’s stock worth $443,000 after acquiring an additional 3,000 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of InvenTrust Properties by 1.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 158,004 shares of the company’s stock worth $4,690,000 after buying an additional 2,946 shares in the last quarter. Rhumbline Advisers raised its position in shares of InvenTrust Properties by 11.2% during the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after purchasing an additional 13,722 shares during the period. Allworth Financial LP raised its position in shares of InvenTrust Properties by 4.4% during the fourth 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. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth $545,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $27.82 on Tuesday. The business has a 50 day simple moving average of $27.79 and a 200-day simple moving average of $28.95. The stock has a market capitalization of $2.16 billion, a PE ratio of 154.57, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties has a 12 month low of $24.13 and a 12 month high of $31.65.

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.