InvenTrust Properties Corp. (NYSE:IVT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of InvenTrust Properties Corp. (NYSE:IVT) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.60.

Several equities analysts have recently weighed in on IVT shares. Wells Fargo & Company lifted their price target on InvenTrust Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. KeyCorp started coverage on InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target for the company. Finally, Wall Street Zen upgraded InvenTrust Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds have recently made changes to their positions in IVT. Comerica Bank grew its position in shares of InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. Amundi grew its position in InvenTrust Properties by 9.8% during the first quarter. Amundi now owns 45,205 shares of the company’s stock worth $1,268,000 after buying an additional 4,018 shares in the last quarter. AQR Capital Management LLC grew its position in InvenTrust Properties by 29.3% during the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock worth $302,000 after buying an additional 2,331 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in InvenTrust Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock worth $1,355,000 after buying an additional 2,014 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in InvenTrust Properties by 66.0% during the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after buying an additional 276,474 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of IVT opened at $32.16 on Monday. The firm has a market cap of $2.51 billion, a PE ratio of 22.81, a PEG ratio of 3.09 and a beta of 0.80. InvenTrust Properties has a 1 year low of $26.52 and a 1 year high of $33.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s fifty day moving average price is $31.38 and its two-hundred day moving average price is $29.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts forecast that InvenTrust Properties will post 1.95 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is presently 70.92%.

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.