InvenTrust Properties (NYSE:IVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of InvenTrust Properties (NYSE:IVT) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

IVT has been the topic of a number of other research reports. Truist Financial set a $32.00 target price on InvenTrust Properties and gave the company a “hold” rating in a research note on Thursday, October 1st. Weiss Ratings raised InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. BTIG Research reiterated a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a report on Friday, August 28th. Finally, Wells Fargo & Company set a $34.00 price objective on InvenTrust Properties and gave the stock an “overweight” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.57.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $31.35 on Friday. The company’s fifty day moving average price is $30.93 and its 200-day moving average price is $32.09. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.45 and a beta of 0.77. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.73.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.22. InvenTrust Properties had a net margin of 8.68% and a return on equity of 1.61%. The firm had revenue of $87.12 million for the quarter, compared to analysts’ expectations of $84.18 million. On average, equities research analysts anticipate that InvenTrust Properties will post 1.95 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. InvenTrust Properties’s payout ratio is currently 270.27%.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC bought a new position in InvenTrust Properties during the 1st quarter worth approximately $29,000. Nykredit A S purchased a new position in InvenTrust Properties in the 2nd quarter worth approximately $39,000. Pinnacle Wealth Planning Services Inc. lifted its position in InvenTrust Properties by 300.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,303 shares of the company’s stock valued at $39,000 after purchasing an additional 978 shares during the last quarter. NewEdge Advisors LLC lifted its position in InvenTrust Properties by 24.0% in the first quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock valued at $52,000 after purchasing an additional 332 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in InvenTrust Properties by 37.3% in the third quarter. Versant Capital Management Inc now owns 2,078 shares of the company’s stock valued at $63,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.