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

by · The Cerbat Gem

InvenTrust Properties Corp. (NYSE:IVTGet Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.50 and last traded at $30.6770, with a volume of 27239 shares traded. The stock had previously closed at $30.59.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IVT shares. Jefferies Financial Group restated a “buy” rating and set a $33.00 price objective (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Weiss Ratings reissued a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Wells Fargo & Company began coverage on shares of InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price target for the company. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. began coverage on shares of InvenTrust Properties in a report on Friday, October 17th. They issued a “neutral” rating and a $30.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.60.

View Our Latest Stock Analysis on InvenTrust Properties

InvenTrust Properties Stock Up 1.0%

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $28.58. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.17 and a beta of 0.86.

InvenTrust Properties (NYSE:IVTGet Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.42). The firm had revenue of $77.38 million during the quarter, compared to the consensus estimate of $76.23 million. InvenTrust Properties had a return on equity of 6.65% and a net margin of 40.46%.InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 30th. InvenTrust Properties’s payout ratio is currently 62.09%.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently bought and sold shares of IVT. Principal Financial Group Inc. raised its position in InvenTrust Properties by 30.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock valued at $174,612,000 after buying an additional 1,456,918 shares during the last quarter. Vision Capital Corp raised its holdings in shares of InvenTrust Properties by 11.8% in the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after purchasing an additional 116,402 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of InvenTrust Properties by 5.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,008,310 shares of the company’s stock valued at $28,858,000 after purchasing an additional 49,336 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of InvenTrust Properties by 111.1% during the second quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company’s stock valued at $26,528,000 after purchasing an additional 509,518 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in InvenTrust Properties during the fourth quarter worth about $26,941,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

(Get Free Report)

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.

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