InvenTrust Properties (NYSE:IVT) Reaches New 1-Year High – Still a Buy?

InvenTrust Properties Corp. (NYSE:IVT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.25 and last traded at $33.18, with a volume of 11335 shares changing hands. The stock had previously closed at $32.89.

Analyst Ratings Changes

IVT has been the subject of a number of research reports. Weiss Ratings raised shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, May 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. KeyCorp started coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.60.

InvenTrust Properties Stock Performance

The stock’s 50 day moving average is $31.71 and its two-hundred day moving average is $30.13. The firm has a market capitalization of $2.56 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.70 and a beta of 0.80. 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 (NYSE:IVT) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities analysts anticipate that InvenTrust Properties Corp. will post 1.99 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 31st. InvenTrust Properties’s payout ratio is presently 70.92%.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of InvenTrust Properties during the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC raised its position in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares during the period. Global Retirement Partners LLC raised its position in shares of InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after acquiring an additional 621 shares during the period. Avalon Trust Co bought a new position in InvenTrust Properties during the 3rd quarter worth approximately $43,000. Finally, Danske Bank A S boosted its stake in 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 acquiring an additional 1,100 shares during the last quarter. 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.