InvenTrust Properties’ (IVT) Buy (B) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of InvenTrust Properties (NYSE:IVT) in a research note released on Tuesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

InvenTrust Properties Stock Up 0.8%

IVT opened at $27.49 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company’s 50-day moving average is $28.76 and its 200 day moving average is $28.04. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The firm has a market capitalization of $2.13 billion, a P/E ratio of 19.09, a PEG ratio of 3.17 and a beta of 0.86.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.2377 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.5%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 65.97%.

Hedge Funds Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC increased its stake in shares of InvenTrust Properties by 3.1% in the first quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company’s stock worth $406,000 after purchasing an additional 416 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 44.0% in the second 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. Lazard Asset Management LLC boosted its position in shares of InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after acquiring an additional 465 shares during the period. State of Alaska Department of Revenue boosted its position in shares of InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after acquiring an additional 475 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of InvenTrust Properties by 6.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company’s stock valued at $260,000 after acquiring an additional 506 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.