InvenTrust Properties Corp. (NYSE:IVT) Receives Consensus Rating of “Moderate Buy” from Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.60.

IVT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on InvenTrust Properties in a research note on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target for the company. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 target price (up previously from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Weiss Ratings reissued a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Finally, Wells Fargo & Company assumed coverage on shares of InvenTrust Properties in a report on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 price objective for the company.

InvenTrust Properties Stock Down 0.5%

NYSE IVT opened at $28.94 on Friday. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $31.04. The stock has a market capitalization of $2.25 billion, a PE ratio of 18.91, a PEG ratio of 3.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50-day moving average is $28.54 and its 200 day moving average is $28.35.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.37). The business had revenue of $74.47 million during the quarter, compared to analysts’ expectations of $73.57 million. InvenTrust Properties had a return on equity of 6.65% and a net margin of 40.46%.InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. Sell-side analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 62.09%.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. Loomis Sayles & Co. L P purchased a new position in shares of InvenTrust Properties in the 2nd quarter worth about $26,000. Heritage Wealth Advisors bought a new stake in InvenTrust Properties during the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its holdings in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Quaker Wealth Management LLC lifted 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 buying an additional 2,894 shares in the last quarter. Finally, Avalon Trust Co bought a new position in shares of InvenTrust Properties in the third quarter worth approximately $43,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.