InvenTrust Properties (NYSE:IVT) Releases Earnings Results, Beats Expectations By $0.22 EPS

InvenTrust Properties (NYSE:IVT) issued its quarterly earnings results on Tuesday. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.22, FiscalAI reports. InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%. The business had revenue of $87.12 million for the quarter, compared to analysts’ expectations of $84.18 million.

InvenTrust Properties Price Performance

NYSE:IVT traded up $0.23 during trading hours on Tuesday, hitting $30.32. 743,847 shares of the company’s stock traded hands, compared to its average volume of 676,375. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $31.17 and its two-hundred day simple moving average is $32.04. The firm has a market cap of $2.36 billion, a P/E ratio of 151.59, a P/E/G ratio of 2.45 and a beta of 0.77. InvenTrust Properties has a 52 week low of $26.81 and a 52 week high of $37.22.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 3.3%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IVT. BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a report on Friday, August 28th. Bank of America lifted their price objective on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Wells Fargo & Company set a $34.00 price target on InvenTrust Properties and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings lowered shares of InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.57.

About InvenTrust Properties

InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.