InvenTrust Properties Corp. (NYSE:IVT) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of InvenTrust Properties Corp. (NYSE:IVT) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.57.

A number of equities research analysts have weighed in on IVT shares. Weiss Ratings upgraded InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. 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 shares of InvenTrust Properties and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Truist Financial set a $32.00 price target on shares of InvenTrust Properties and gave the stock a “hold” rating in a research report on Thursday, October 1st. Finally, BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a research note on Friday, August 28th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of InvenTrust Properties by 2,987.6% during the third quarter. International Assets Investment Management LLC now owns 240,000 shares of the company’s stock worth $7,236,000 after purchasing an additional 232,227 shares in the last quarter. Choreo LLC grew its holdings 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 period. 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 valued at $39,000 after acquiring an additional 978 shares during the last quarter. Asset Management One Co. Ltd. raised its position in InvenTrust Properties by 2.7% in the third quarter. Asset Management One Co. Ltd. now owns 160,998 shares of the company’s stock valued at $4,854,000 after purchasing an additional 4,251 shares during the period. Finally, Independence Bank of Kentucky purchased a new position in InvenTrust Properties during the 3rd quarter valued at about $106,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.3%

Shares of InvenTrust Properties stock opened at $30.94 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.73. The stock’s 50 day simple moving average is $30.96 and its 200-day simple moving average is $32.08. The stock has a market cap of $2.41 billion, a P/E ratio of 83.62, a P/E/G ratio of 2.53 and a beta of 0.77. InvenTrust Properties has a 1-year low of $26.81 and a 1-year high of $37.22.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $84.18 million. Analysts predict that InvenTrust Properties will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.25 dividend. The ex-dividend date 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 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.