InvenTrust Properties (NYSE:IVT) Given New $38.00 Price Target at Bank of America

InvenTrust Properties (NYSE:IVT) had its price target upped by equities research analysts at Bank of America from $37.00 to $38.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would suggest a potential upside of 5.35% from the stock’s current price.

Several other analysts also recently commented on the stock. BTIG Research reissued a “buy” rating and issued a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, June 12th. JPMorgan Chase & Co. boosted their price target on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Wall Street Zen raised InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Saturday. KeyCorp began coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 target price for the company. Finally, Jefferies Financial Group raised shares of InvenTrust Properties to a “strong-buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, InvenTrust Properties presently has an average rating of “Buy” and an average target price of $34.71.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $36.07 on Monday. The stock’s fifty day simple moving average is $33.09 and its 200-day simple moving average is $31.08. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.96 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. InvenTrust Properties has a 1-year low of $26.52 and a 1-year high of $36.27.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. The business had revenue of $82.58 million for the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, sell-side analysts predict that InvenTrust Properties will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of InvenTrust Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new stake in shares of InvenTrust Properties during the first quarter worth $29,000. EverSource Wealth Advisors LLC boosted its holdings in InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in InvenTrust Properties by 82.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after buying an additional 621 shares during the last quarter. Danske Bank A S grew its position in shares of InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after buying an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of InvenTrust Properties in the 4th quarter valued at about $47,000. 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.