InvenTrust Properties (NYSE:IVT) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of InvenTrust Properties (NYSE:IVT) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Several other analysts also recently issued reports on IVT. Truist Financial set a $32.00 target price on InvenTrust Properties and gave the company a “hold” rating in a research note on Thursday, October 1st. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, August 28th. Weiss Ratings upgraded shares of InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Wells Fargo & Company set a $34.00 target price on shares of InvenTrust Properties and gave the company an “overweight” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.57.

InvenTrust Properties Trading Down 0.3%

InvenTrust Properties stock opened at $30.94 on Friday. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The business’s fifty day moving average is $30.96 and its 200 day moving average is $32.08. The stock has a market capitalization of $2.41 billion, a PE ratio of 83.62, a price-to-earnings-growth ratio of 2.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.73.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.03 by $0.22. The company had revenue of $87.12 million during the quarter, compared to analyst estimates of $84.18 million. InvenTrust Properties had a return on equity of 1.61% and a net margin of 8.68%. On average, sell-side analysts predict that InvenTrust Properties will post 1.95 EPS for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%. InvenTrust Properties’s dividend payout ratio (DPR) is 270.27%.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in InvenTrust Properties by 2,987.6% in the 3rd quarter. International Assets Investment Management LLC now owns 240,000 shares of the company’s stock valued at $7,236,000 after buying an additional 232,227 shares during the period. Choreo LLC grew its stake in InvenTrust Properties by 2.9% in the 3rd quarter. Choreo LLC now owns 13,865 shares of the company’s stock worth $418,000 after acquiring an additional 391 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of InvenTrust Properties by 300.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,303 shares of the company’s stock worth $39,000 after acquiring an additional 978 shares during the period. Asset Management One Co. Ltd. increased its position in shares of InvenTrust Properties by 2.7% during the third quarter. Asset Management One Co. Ltd. now owns 160,998 shares of the company’s stock worth $4,854,000 after acquiring an additional 4,251 shares during the period. Finally, Independence Bank of Kentucky purchased a new position in shares of InvenTrust Properties during the third quarter worth approximately $106,000. Institutional investors own 61.70% of the company’s stock.

About InvenTrust Properties

InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.