Shares of InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.80.
Several research firms recently weighed in on IVT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. Wells Fargo & Company began coverage on shares of InvenTrust Properties in a research note on Tuesday. They set an “overweight” rating and a $33.00 target price for the company. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 target price for the company.
Check Out Our Latest Stock Report on InvenTrust Properties
Hedge Funds Weigh In On InvenTrust Properties
InvenTrust Properties Stock Performance
IVT opened at $28.80 on Thursday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 3.36 and a beta of 0.86. The company has a fifty day moving average of $28.85 and a 200 day moving average of $28.02. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26.
InvenTrust Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.2377 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.95 annualized dividend and a yield of 3.3%. InvenTrust Properties’s dividend payout ratio (DPR) is 65.97%.
InvenTrust Properties Company Profile
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.
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