InvenTrust Properties Corp. (NYSE:IVT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of InvenTrust Properties Corp. (NYSE:IVTGet 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

Several institutional investors have recently bought and sold shares of IVT. Wealth Enhancement Advisory Services LLC lifted its position in InvenTrust Properties by 6.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company’s stock valued at $501,000 after purchasing an additional 1,040 shares during the last quarter. State of Alaska Department of Revenue lifted its position in InvenTrust Properties by 1.3% during 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 purchasing an additional 475 shares during the last quarter. Vanderbilt University lifted its position in InvenTrust Properties by 13.6% during the first quarter. Vanderbilt University now owns 23,220 shares of the company’s stock valued at $682,000 after purchasing an additional 2,782 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in InvenTrust Properties by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 163,532 shares of the company’s stock valued at $4,803,000 after purchasing an additional 5,528 shares during the last quarter. Finally, Spire Wealth Management lifted its position in InvenTrust Properties by 659.6% during the first quarter. Spire Wealth Management now owns 6,259 shares of the company’s stock valued at $184,000 after purchasing an additional 5,435 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

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

(Get Free Report)

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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Analyst Recommendations for InvenTrust Properties (NYSE:IVT)

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