InvenTrust Properties (NYSE:IVT) Sets New 1-Year High – What’s Next?
by Michael Walen · The Markets DailyInvenTrust Properties Corp. (NYSE:IVT – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.15 and last traded at $34.5410, with a volume of 1351330 shares traded. The stock had previously closed at $34.62.
Analysts Set New Price Targets
Several research firms have recently issued reports on IVT. JPMorgan Chase & Co. increased their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. KeyCorp began coverage on shares of InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.57.
Read Our Latest Analysis on InvenTrust Properties
InvenTrust Properties Stock Down 0.2%
The stock has a market capitalization of $2.69 billion, a P/E ratio of 24.50, a PEG ratio of 2.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s fifty day moving average is $32.55 and its two-hundred day moving average is $30.71.
InvenTrust Properties (NYSE:IVT – Get Free Report) 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. As a group, research analysts predict that InvenTrust Properties Corp. will post 1.99 earnings per share 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. Investors of record on Tuesday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 70.92%.
Institutional Investors Weigh In On InvenTrust Properties
Several hedge funds have recently made changes to their positions in IVT. Cassaday & Co Wealth Management LLC purchased a new stake in shares of InvenTrust Properties in the 1st quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 418 shares in the last quarter. Global Retirement Partners LLC lifted 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 acquiring an additional 621 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of InvenTrust Properties in the 3rd quarter valued at approximately $43,000. Finally, Danske Bank A S lifted its position in shares of InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors 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.