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

Shares of InvenTrust Properties Corp. (NYSE:IVT) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.80.

Several analysts have weighed in on the stock. Wolfe Research began coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. BTIG Research assumed coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Wells Fargo & Company cut their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th.

Institutional Trading of InvenTrust Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in InvenTrust Properties in the fourth quarter valued at approximately $27,000. Avalon Trust Co acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at $36,000. GF Fund Management CO. LTD. bought a new position in shares of InvenTrust Properties in the 4th quarter valued at $42,000. Bernard Wealth Management Corp. acquired a new position in shares of InvenTrust Properties during the 4th quarter worth $50,000. Finally, Quarry LP acquired a new position in shares of InvenTrust Properties during the 4th quarter worth $53,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 0.7%

IVT opened at $27.81 on Tuesday. The stock has a fifty day moving average of $27.86 and a 200-day moving average of $28.88. The company has a market capitalization of $2.16 billion, a P/E ratio of 120.93, a P/E/G ratio of 3.14 and a beta of 0.90. InvenTrust Properties has a fifty-two week low of $24.20 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.43 and a current ratio of 2.43.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.2377 dividend. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a yield of 3.42%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 413.04%.

InvenTrust Properties Company Profile

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.