Brokerages Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $32.17

InvenTrust Properties Corp. (NYSE:IVT) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.1667.

IVT has been the subject of several recent analyst reports. KeyCorp started coverage on shares of InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed 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. Finally, Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Sunday.

InvenTrust Properties Stock Up 0.2%

IVT stock opened at $31.75 on Friday. The company’s 50 day moving average price is $30.13 and its 200 day moving average price is $29.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.17. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $32.63. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 3.00 and a beta of 0.84.

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

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.1%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 66.43%.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position 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 valued at $38,000 after buying an additional 418 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of InvenTrust Properties by 1.0% during the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock worth $1,298,000 after purchasing an additional 465 shares during the last quarter. Gallacher Capital Management LLC increased its position in shares of InvenTrust Properties by 6.1% during the third quarter. Gallacher Capital Management LLC now owns 8,747 shares of the company’s stock worth $250,000 after purchasing an additional 500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of InvenTrust Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock worth $64,000 after purchasing an additional 570 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of InvenTrust Properties by 7.5% in the 4th quarter. International Assets Investment Management LLC now owns 8,138 shares of the company’s stock valued at $230,000 after purchasing an additional 571 shares during the last quarter. 61.70% of the stock is currently 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.