Brokerages Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $32.60

InvenTrust Properties Corp. (NYSE:IVT) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.60.

A number of equities analysts have weighed in on IVT shares. Wells Fargo & Company boosted their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target on the stock.

Hedge Funds Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC lifted its stake in shares of InvenTrust Properties by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company’s stock valued at $406,000 after purchasing an additional 416 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $38,000 after purchasing an additional 418 shares during the last quarter. Lazard Asset Management LLC lifted its stake 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 valued at $1,298,000 after purchasing an additional 465 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of InvenTrust Properties by 1.3% in the 1st 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of InvenTrust Properties by 6.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company’s stock valued at $260,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

NYSE IVT opened at $29.46 on Friday. The stock’s fifty day moving average is $28.56 and its two-hundred day moving average is $28.13. The firm has a market capitalization of $2.29 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 3.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is 65.97%.

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.