InvenTrust Properties (NYSE:IVT) Reaches New 12-Month High – Here’s What Happened

InvenTrust Properties Corp. (NYSE:IVT)’s share price hit a new 52-week high on Thursday . The stock traded as high as $35.50 and last traded at $34.7560, with a volume of 1330617 shares traded. The stock had previously closed at $34.68.

Analyst Ratings Changes

Several brokerages recently weighed in on IVT. JPMorgan Chase & Co. increased their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Bank of America increased their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research report on Friday. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, InvenTrust Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.57.

InvenTrust Properties Stock Down 0.1%

The company has a market capitalization of $2.73 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $32.40 and a two-hundred day moving average of $30.60.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The company had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Equities research analysts predict that InvenTrust Properties Corp. will post 1.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IVT. Cassaday & Co Wealth Management LLC purchased a new position in shares of InvenTrust Properties during the first quarter worth $29,000. EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the period. Global Retirement Partners LLC boosted its position in shares of InvenTrust Properties by 82.3% during the fourth 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 period. Avalon Trust Co purchased a new position in shares of InvenTrust Properties during the third quarter worth $43,000. Finally, Danske Bank A S boosted its position in shares of InvenTrust Properties by 220.0% during the fourth 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 period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

About InvenTrust Properties

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.