InvenTrust Properties Corp. (NYSE:IVT) Receives $32.50 Average PT from Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.00.

Several equities analysts recently commented on IVT shares. LADENBURG THALM/SH SH started coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. started coverage on shares of InvenTrust Properties in a research note on Friday. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th.

InvenTrust Properties Stock Up 0.7%

Shares of IVT opened at $28.01 on Thursday. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $31.65. The stock’s 50-day moving average price is $28.80 and its 200-day moving average price is $28.00. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 3.25 and a beta of 0.86.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 65.97%.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P purchased a new stake in InvenTrust Properties during the 2nd quarter valued at approximately $26,000. Heritage Wealth Advisors purchased a new stake in InvenTrust Properties during the 2nd quarter valued at approximately $34,000. Avalon Trust Co purchased a new stake in InvenTrust Properties during the 1st quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its stake in InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares during the last quarter. Finally, Quaker Wealth Management LLC raised its stake in InvenTrust Properties by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after acquiring an additional 2,894 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

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.