InvenTrust Properties (NYSE:IVT) Sets New 52-Week High – Should You Buy?

InvenTrust Properties Corp. (NYSE:IVT) shares reached a new 52-week high on Thursday . The company traded as high as $36.37 and last traded at $36.36, with a volume of 80508 shares trading hands. The stock had previously closed at $35.33.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $34.00) on shares of InvenTrust Properties in a research note on Tuesday, May 26th. BTIG Research restated a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Buy” and a consensus target price of $34.71.

InvenTrust Properties Stock Up 0.0%

The company has a market cap of $2.86 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The business’s fifty day moving average is $34.11 and its two-hundred day moving average is $31.79.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 EPS 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. Equities analysts predict that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. InvenTrust Properties’s payout ratio is 70.92%.

Institutional Trading of InvenTrust Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Deprince Race & Zollo Inc. acquired a new stake in InvenTrust Properties in the fourth quarter valued at approximately $26,941,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of InvenTrust Properties by 1,756.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock valued at $3,465,000 after purchasing an additional 116,226 shares during the last quarter. UBS Group AG lifted its holdings in shares of InvenTrust Properties by 265.8% during the 4th quarter. UBS Group AG now owns 216,948 shares of the company’s stock valued at $6,120,000 after purchasing an additional 157,633 shares during the last quarter. B&I Capital AG acquired a new stake in shares of InvenTrust Properties in the 4th quarter worth $8,442,000. Finally, SG Americas Securities LLC grew its stake in InvenTrust Properties by 721.9% during the 4th quarter. SG Americas Securities LLC now owns 227,312 shares of the company’s stock worth $6,412,000 after buying an additional 199,655 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Company Profile

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.