InvenTrust Properties (NYSE:IVT) Hits New 1-Year High – What’s Next?

InvenTrust Properties Corp. (NYSE:IVT) shares reached a new 52-week high on Friday . The company traded as high as $32.63 and last traded at $32.60, with a volume of 174912 shares traded. The stock had previously closed at $32.10.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of research reports. KeyCorp initiated coverage on shares of InvenTrust Properties in a report on Friday, March 6th. They set an “overweight” rating and a $35.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Weiss Ratings reissued a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of InvenTrust Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

InvenTrust Properties Stock Up 1.7%

The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 3.06 and a beta of 0.83. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $31.05 and its 200-day moving average price is $29.35.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.42). The firm had revenue of $77.38 million during the quarter, compared to analyst estimates of $76.23 million. InvenTrust Properties had a return on equity of 6.22% and a net margin of 37.24%.InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.25 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. InvenTrust Properties’s dividend payout ratio is presently 69.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IVT. Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,732,791 shares of the company’s stock valued at $135,453,000 after acquiring an additional 60,395 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of InvenTrust Properties by 40.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 199,821 shares of the company’s stock valued at $5,719,000 after acquiring an additional 57,633 shares during the period. Chilton Capital Management LLC lifted its position in shares of InvenTrust Properties by 13.8% during the 3rd quarter. Chilton Capital Management LLC now owns 286,754 shares of the company’s stock valued at $8,269,000 after acquiring an additional 34,841 shares during the period. Vision Capital Corp lifted its position in shares of InvenTrust Properties by 11.8% during the 3rd quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after acquiring an additional 116,402 shares during the period. Finally, Centersquare Investment Management LLC acquired a new position in shares of InvenTrust Properties during the 3rd quarter valued at $5,263,000. Institutional investors and hedge funds 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.