InvenTrust Properties (NYSE:IVT) Upgraded to Strong-Buy at Jefferies Financial Group

InvenTrust Properties (NYSE:IVT) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other brokerages have also recently issued reports on IVT. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a research note on Tuesday, May 26th. 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. BTIG Research reaffirmed a “buy” rating and set a $37.00 price target on shares of InvenTrust Properties in a research report on Friday, June 12th. Wall Street Zen raised shares of InvenTrust Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Buy” and an average price target of $34.57.

InvenTrust Properties Price Performance

NYSE:IVT opened at $36.20 on Friday. 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 stock’s 50-day simple moving average is $33.09 and its 200 day simple moving average is $31.06. The company has a market cap of $2.82 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.94 and a beta of 0.80. InvenTrust Properties has a 52-week low of $26.52 and a 52-week high of $36.27.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The business had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, sell-side analysts forecast that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IVT. Principal Financial Group Inc. increased its holdings in shares of InvenTrust Properties by 24.9% during the 1st quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock worth $235,438,000 after acquiring an additional 1,539,672 shares during the last quarter. Centersquare Investment Management LLC raised its stake in InvenTrust Properties by 600.3% in the 4th 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. Deprince Race & Zollo Inc. acquired a new stake in InvenTrust Properties during the 4th quarter valued at $26,941,000. Hudson Bay Capital Management LP acquired a new stake in InvenTrust Properties during the 3rd quarter valued at $23,581,000. Finally, Vision Capital Corp lifted its holdings in InvenTrust Properties by 182.7% during the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock valued at $27,112,000 after purchasing an additional 639,472 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

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.