InvenTrust Properties (NYSE:IVT) Stock Rating Upgraded by Wells Fargo & Company

InvenTrust Properties (NYSE:IVT) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Bank of America lifted their price objective on shares of InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 29th. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research note on Friday, June 12th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $35.14.

InvenTrust Properties Stock Performance

IVT opened at $36.42 on Thursday. The firm has a market cap of $2.84 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 2.93 and a beta of 0.78. InvenTrust Properties has a 52-week low of $26.81 and a 52-week high of $37.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The business’s fifty day moving average is $34.61 and its 200-day moving average is $32.07.

InvenTrust Properties (NYSE:IVT) last issued 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. The company had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Sell-side analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

Institutional Trading of InvenTrust Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of InvenTrust Properties during the first quarter worth $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of InvenTrust Properties by 44.0% during the 2nd 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 in the last quarter. Global Retirement Partners LLC grew its position in InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after acquiring an additional 621 shares during the last quarter. Danske Bank A S grew its position in InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in InvenTrust Properties in the 4th quarter worth about $47,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

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.