InvenTrust Properties Corp. (NYSE:IVT) to Issue $0.24 Quarterly Dividend

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.2377 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

InvenTrust Properties has a payout ratio of 296.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 50.3%.

InvenTrust Properties Stock Down 0.2%

IVT opened at $28.94 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.16 and a beta of 0.88. InvenTrust Properties has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The business has a 50 day simple moving average of $28.68 and a 200-day simple moving average of $28.13.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.