Wells Fargo & Company Issues Positive Forecast for InvenTrust Properties (NYSE:IVT) Stock Price

InvenTrust Properties (NYSE:IVT) had its target price boosted by Wells Fargo & Company from $33.00 to $34.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently commented on the stock. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. KeyCorp started coverage on shares of InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

InvenTrust Properties Trading Down 0.7%

Shares of InvenTrust Properties stock opened at $31.47 on Thursday. The stock has a market cap of $2.45 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.00 and a beta of 0.84. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.46. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $32.63. The business’s 50 day moving average is $30.23 and its 200-day moving average is $29.10.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.42). InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. The firm had revenue of $77.38 million during the quarter, compared to the consensus estimate of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. Equities research analysts predict that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 66.43%.

Institutional Trading of InvenTrust Properties

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 2nd quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 418 shares during the period. Global Retirement Partners LLC raised its holdings in InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after acquiring an additional 621 shares during the period. Avalon Trust Co acquired a new stake in InvenTrust Properties during the third quarter worth approximately $43,000. Finally, Danske Bank A S lifted its position in InvenTrust Properties by 220.0% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

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.