InvenTrust Properties (NYSE:IVT) Price Target Raised to $38.00 at Bank of America

InvenTrust Properties (NYSE:IVT) had its target price lifted by equities researchers at Bank of America from $37.00 to $38.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 5.35% from the stock’s previous close.

Several other research firms also recently issued reports on IVT. Jefferies Financial Group raised InvenTrust Properties to a “strong-buy” rating in a research note on Friday. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, June 17th. 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 report on Tuesday, May 26th. KeyCorp started coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They set an “overweight” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $34.71.

InvenTrust Properties Trading Down 0.3%

Shares of NYSE IVT opened at $36.07 on Monday. The company’s fifty day moving average is $33.09 and its 200-day moving average is $31.08. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.96 and a beta of 0.80. InvenTrust Properties has a twelve month low of $26.52 and a twelve month high of $36.27. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $82.58 million during 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. Equities research analysts predict that InvenTrust Properties will post 1.99 EPS for the current year.

Institutional Investors Weigh In On InvenTrust Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after buying an additional 621 shares during the last quarter. Danske Bank A S lifted its position in shares of 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 buying an additional 1,100 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in InvenTrust Properties in the fourth quarter valued at about $47,000. 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.