InvenTrust Properties (NYSE:IVT) Hits New 12-Month High – Still a Buy?

Shares of InvenTrust Properties Corp. (NYSE:IVT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $33.49 and last traded at $33.3940, with a volume of 68373 shares traded. The stock had previously closed at $32.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IVT shares. Bank of America raised their price target on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. KeyCorp began coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

InvenTrust Properties Price Performance

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 company’s 50 day moving average price is $31.92 and its 200-day moving average price is $30.35. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.67 and a beta of 0.80.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts forecast that InvenTrust Properties Corp. will post 1.99 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.25 per share. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 70.92%.

Institutional Trading of InvenTrust Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of InvenTrust Properties by 24.0% in the first quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock worth $52,000 after buying an additional 332 shares during the period. Bank of America Corp DE lifted its position in shares of InvenTrust Properties by 27.9% in the 1st quarter. Bank of America Corp DE now owns 244,896 shares of the company’s stock valued at $7,460,000 after acquiring an additional 53,425 shares in the last quarter. Amundi boosted its stake in InvenTrust Properties by 0.9% in the 1st quarter. Amundi now owns 44,139 shares of the company’s stock worth $1,344,000 after purchasing an additional 392 shares during the period. Quantinno Capital Management LP grew its position in InvenTrust Properties by 264.2% during the 1st quarter. Quantinno Capital Management LP now owns 95,087 shares of the company’s stock worth $2,896,000 after purchasing an additional 68,976 shares in the last quarter. Finally, SummitTX Capital L.P. grew its position in InvenTrust Properties by 11.9% during the 1st quarter. SummitTX Capital L.P. now owns 124,750 shares of the company’s stock worth $3,800,000 after purchasing an additional 13,302 shares in the last quarter. 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.