InvenTrust Properties Corp. (NYSE:IVT) Stock Has Average Target Price of $34.57 According to Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $34.57.

IVT has been the topic of a number of recent research reports. Weiss Ratings raised InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Truist Financial set a $32.00 price target on InvenTrust Properties and gave the company a “hold” rating in a research note on Thursday, October 1st. Wall Street Zen upgraded InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company set a $34.00 price target on InvenTrust Properties and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, August 28th.

Hedge Funds Weigh In On InvenTrust Properties

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of InvenTrust Properties by 24.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock valued at $52,000 after acquiring an additional 332 shares during the period. Choreo LLC increased its stake in shares of InvenTrust Properties by 2.9% during the 3rd quarter. Choreo LLC now owns 13,865 shares of the company’s stock worth $418,000 after purchasing an additional 391 shares during the last quarter. Amundi raised its holdings in shares of InvenTrust Properties by 0.9% in the 1st quarter. Amundi now owns 44,139 shares of the company’s stock valued at $1,344,000 after purchasing an additional 392 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of InvenTrust Properties by 4.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,588 shares of the company’s stock valued at $375,000 after purchasing an additional 462 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of InvenTrust Properties by 37.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,078 shares of the company’s stock valued at $63,000 after purchasing an additional 565 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 0.1%

NYSE:IVT opened at $30.94 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $2.41 billion, a PE ratio of 83.62, a PEG ratio of 2.52 and a beta of 0.77. InvenTrust Properties has a 52-week low of $26.81 and a 52-week high of $37.22. The stock has a 50-day simple moving average of $30.96 and a 200 day simple moving average of $32.08.

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

InvenTrust Properties Dividend Announcement

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

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.