InvenTrust Properties (NYSE:IVT) Coverage Initiated at KeyCorp

KeyCorp initiated coverage on shares of InvenTrust Properties (NYSE:IVT) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $35.00 price target on the stock. KeyCorp’s target price would indicate a potential upside of 12.58% from the company’s current price.

Several other brokerages have also issued reports on IVT. 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 research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded InvenTrust Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, InvenTrust Properties presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

InvenTrust Properties Price Performance

IVT stock traded down $0.11 during midday trading on Thursday, reaching $31.09. The company had a trading volume of 493,890 shares, compared to its average volume of 488,227. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $31.91. The company has a market capitalization of $2.42 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.92 and a beta of 0.84. The firm has a 50-day moving average price of $29.71 and a 200-day moving average price of $28.97.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data 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 company had revenue of $77.38 million for 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, research analysts anticipate that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On InvenTrust Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of InvenTrust Properties by 30.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock worth $174,612,000 after buying an additional 1,456,918 shares during the period. Millennium Management LLC boosted its position in InvenTrust Properties by 40.8% during the 4th quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after buying an additional 553,184 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in InvenTrust Properties by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock worth $38,943,000 after acquiring an additional 12,176 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in InvenTrust Properties by 600.3% in the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after acquiring an additional 1,103,911 shares during the last quarter. Finally, Vision Capital Corp increased its position in shares of InvenTrust Properties by 11.8% in the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after acquiring an additional 116,402 shares during the period. 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.