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

Shares of InvenTrust Properties Corp. (NYSE:IVT) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.80.

Several research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH assumed coverage on shares of 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 started coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of InvenTrust Properties in a research note on Thursday. Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. started coverage on InvenTrust Properties in a research report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price objective on the stock.

InvenTrust Properties Trading Up 0.7%

Shares of IVT stock opened at $27.52 on Monday. The business has a 50-day moving average price of $28.60 and a two-hundred day moving average price of $28.12. The firm has a market cap of $2.14 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.86. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.2377 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.95 annualized dividend and a yield of 3.5%. InvenTrust Properties’s payout ratio is 62.09%.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new stake in shares of InvenTrust Properties during the second quarter valued at approximately $26,000. Heritage Wealth Advisors purchased a new stake in InvenTrust Properties during the 2nd quarter valued at $34,000. Avalon Trust Co purchased a new stake in InvenTrust Properties during the 1st quarter valued at $36,000. EverSource Wealth Advisors LLC increased its holdings 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 worth $38,000 after purchasing an additional 418 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its stake in shares of InvenTrust Properties by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock worth $40,000 after purchasing an additional 2,894 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

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.