InvenTrust Properties (NYSE:IVT) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of InvenTrust Properties (NYSE:IVT) to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

IVT has been the topic of several other reports. Bank of America boosted their target price on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Jefferies Financial Group upgraded InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 15th. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, BTIG Research reissued a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a research report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.14.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $36.42 on Thursday. InvenTrust Properties has a fifty-two week low of $26.81 and a fifty-two week high of $37.22. The company has a 50 day simple moving average of $34.61 and a two-hundred day simple moving average of $32.07. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.7%. InvenTrust Properties’s dividend payout ratio is 70.92%.

Institutional Trading of InvenTrust Properties

A number of institutional investors and hedge funds have recently modified their holdings of IVT. Cassaday & Co Wealth Management LLC bought a new position in shares of InvenTrust Properties during the first quarter valued at $29,000. EverSource Wealth Advisors LLC increased 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 worth $38,000 after buying an additional 418 shares in the last quarter. Global Retirement Partners LLC increased 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 worth $39,000 after buying an additional 621 shares in the last quarter. Danske Bank A S increased its holdings in InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after buying an additional 1,100 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in InvenTrust Properties in the 4th quarter worth about $47,000. Institutional investors 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.