InvenTrust Properties (NYSE:IVT) Given “Buy” Rating at BTIG Research

InvenTrust Properties (NYSE:IVT)‘s stock had its “buy” rating reiterated by stock analysts at BTIG Research in a report issued on Friday,Benzinga reports. They currently have a $37.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 13.36% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Bank of America boosted their price target on InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Wells Fargo & Company set a $39.00 price objective on InvenTrust Properties and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group raised InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average target price of $35.14.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $32.64 on Friday. The business has a 50 day moving average price of $34.75 and a 200 day moving average price of $32.88. InvenTrust Properties has a twelve month low of $26.81 and a twelve month high of $37.22. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 163.20, a PEG ratio of 2.66 and a beta of 0.78. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.The business had revenue of $82.83 million during the quarter, compared to the consensus estimate of $82.44 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Research analysts predict that InvenTrust Properties will post 1.95 earnings per share for the current year.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of InvenTrust Properties by 4,358.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,151,308 shares of the company’s stock worth $111,556,000 after buying an additional 3,080,621 shares during the period. Principal Financial Group Inc. grew its position in InvenTrust Properties by 24.9% in the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock valued at $235,438,000 after acquiring an additional 1,539,672 shares during the period. Centersquare Investment Management LLC grew its position in InvenTrust Properties by 600.3% in the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after acquiring an additional 1,103,911 shares during the period. Vision Capital Corp raised its stake in InvenTrust Properties by 182.7% during the second quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock worth $27,112,000 after acquiring an additional 639,472 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in InvenTrust Properties by 1,843.1% during the second quarter. Wellington Management Group LLP now owns 647,037 shares of the company’s stock worth $22,905,000 after acquiring an additional 613,738 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

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.