InvenTrust Properties (NYSE:IVT) Reaches New 12-Month High – Here’s Why

InvenTrust Properties Corp. (NYSE:IVT)’s share price hit a new 52-week high on Wednesday . The company traded as high as $36.15 and last traded at $34.5410, with a volume of 1351330 shares. The stock had previously closed at $34.62.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America raised their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, May 29th. KeyCorp assumed coverage on InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price for the company. BTIG Research reiterated a “buy” rating and issued a $37.00 target price on shares of InvenTrust Properties in a research note on Friday, June 12th. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.57.

InvenTrust Properties Stock Up 0.4%

The firm’s 50 day moving average price is $32.69 and its two-hundred day moving average price is $30.79. The firm has a market capitalization of $2.67 billion, a PE ratio of 24.34, a P/E/G ratio of 2.80 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates 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. As a group, research analysts forecast that InvenTrust Properties Corp. will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 30th. InvenTrust Properties’s payout ratio is presently 70.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IVT. Cassaday & Co Wealth Management LLC purchased a new stake in InvenTrust Properties during the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its position in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after purchasing an additional 621 shares in the last quarter. Avalon Trust Co purchased a new position in shares of InvenTrust Properties during the 3rd quarter valued at approximately $43,000. Finally, Danske Bank A S boosted its stake in shares of InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

About InvenTrust Properties

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.