InvenTrust Properties (NYSE:IVT) Coverage Initiated at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of InvenTrust Properties (NYSE:IVT) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 7.10% from the company’s current price.

Several other equities analysts have also recently weighed in on IVT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a report on Tuesday, October 14th. LADENBURG THALM/SH SH began coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

InvenTrust Properties Stock Performance

IVT opened at $28.01 on Friday. The company has a market capitalization of $2.17 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The business has a fifty day simple moving average of $28.80 and a 200 day simple moving average of $28.00. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $31.65.

Hedge Funds Weigh In On InvenTrust Properties

A number of institutional investors have recently modified their holdings of IVT. Nuveen LLC acquired a new position in shares of InvenTrust Properties during the 1st quarter worth $30,620,000. Vision Capital Corp raised its holdings in shares of InvenTrust Properties by 182.7% during the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock worth $27,112,000 after buying an additional 639,472 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of InvenTrust Properties by 111.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company’s stock worth $26,528,000 after buying an additional 509,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of InvenTrust Properties by 443.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company’s stock worth $17,235,000 after buying an additional 478,887 shares in the last quarter. Finally, Aberdeen Group plc increased its holdings in InvenTrust Properties by 1,423.7% in the 2nd quarter. Aberdeen Group plc now owns 437,441 shares of the company’s stock worth $11,986,000 after purchasing an additional 408,731 shares in 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.