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 research note published on Saturday.

Several other brokerages also recently issued reports on IVT. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. KeyCorp assumed coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. 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, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus price target of $32.33.

InvenTrust Properties Trading Up 0.2%

Shares of InvenTrust Properties stock opened at $32.68 on Friday. The company’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $29.38. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 3.11 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. InvenTrust Properties has a 1 year low of $26.52 and a 1 year high of $32.83.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.42). The company 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. As a group, sell-side analysts expect that InvenTrust Properties will post 1.96 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. InvenTrust Properties’s dividend payout ratio (DPR) is 69.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of InvenTrust Properties by 30.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock valued at $174,612,000 after acquiring an additional 1,456,918 shares during the period. Millennium Management LLC lifted its holdings in shares of InvenTrust Properties by 40.8% during the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after acquiring an additional 553,184 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of InvenTrust Properties by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock valued at $38,943,000 after acquiring an additional 12,176 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of InvenTrust Properties by 600.3% during 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. Finally, Vision Capital Corp lifted its holdings in shares of InvenTrust Properties by 11.8% during the third 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. 61.70% of the stock is owned by institutional investors.

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.