InvenTrust Properties (NYSE:IVT) Upgraded by Wells Fargo & Company to “Strong-Buy” Rating

Wells Fargo & Company upgraded shares of InvenTrust Properties (NYSE:IVT) to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Several other research firms have also weighed in on IVT. JPMorgan Chase & Co. raised their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. Bank of America raised their target price on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a report on Friday, June 12th. Jefferies Financial Group raised InvenTrust Properties to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, InvenTrust Properties currently has a consensus rating of “Buy” and a consensus price target of $35.14.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $36.42 on Thursday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. InvenTrust Properties has a 12 month low of $26.81 and a 12 month high of $37.22. The stock’s 50 day moving average price is $34.61 and its 200 day moving average price is $32.07.

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

InvenTrust Properties Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s payout ratio is presently 70.92%.

Institutional Trading of InvenTrust Properties

Hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new position in shares of InvenTrust Properties during the second quarter valued at $291,000. NewEdge Advisors LLC grew its stake in InvenTrust Properties by 24.0% during 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 in the last quarter. Bank of America Corp DE grew its stake in InvenTrust Properties by 27.9% during the 1st quarter. Bank of America Corp DE now owns 244,896 shares of the company’s stock valued at $7,460,000 after acquiring an additional 53,425 shares in the last quarter. Amundi increased 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. Finally, Quantinno Capital Management LP lifted its position in shares of InvenTrust Properties by 264.2% in the first quarter. Quantinno Capital Management LP now owns 95,087 shares of the company’s stock worth $2,896,000 after purchasing an additional 68,976 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.