InvenTrust Properties Corp. (IVT) to Issue Quarterly Dividend of $0.24 on January 15th

InvenTrust Properties Corp. (NYSE:IVT) announced a quarterly dividend on Monday, December 15th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.2377 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, December 30th.

InvenTrust Properties has a dividend payout ratio of 296.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 50.3%.

InvenTrust Properties Stock Down 0.8%

Shares of NYSE IVT opened at $28.78 on Wednesday. InvenTrust Properties has a 52-week low of $25.21 and a 52-week high of $31.31. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 3.17 and a beta of 0.85. The stock has a 50 day moving average price of $28.11 and a 200 day moving average price of $28.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IVT. Wells Fargo & Company initiated coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $32.00) on shares of InvenTrust Properties in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective on the stock. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, LADENBURG THALM/SH SH started coverage on InvenTrust Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $31.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average target price of $31.60.

About InvenTrust Properties

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.