InvenTrust Properties (NYSE:IVT) Now Covered by Analysts at Wolfe Research

Wolfe Research began coverage on shares of InvenTrust Properties (NYSE:IVT) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued a peer perform rating on the stock.

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

InvenTrust Properties Stock Up 0.0 %

IVT stock opened at $29.02 on Thursday. The firm has a 50-day moving average price of $29.50 and a 200-day moving average price of $29.75. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.25 billion, a P/E ratio of 161.21, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, equities research analysts anticipate that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.28%. InvenTrust Properties’s payout ratio is currently 527.78%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Millennium Management LLC increased its stake in shares of InvenTrust Properties by 51.9% in the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after buying an additional 839,541 shares during the period. Principal Financial Group Inc. boosted its holdings in InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after acquiring an additional 738,784 shares during the last quarter. FMR LLC increased its position in InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the period. Zimmer Partners LP bought a new position in InvenTrust Properties during the 3rd quarter worth approximately $14,185,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of InvenTrust Properties by 425.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after purchasing an additional 374,804 shares during the period. 61.70% of the stock is owned by institutional investors.

About InvenTrust Properties

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.