Analysts Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $31.60

InvenTrust Properties Corp. (NYSE:IVT) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $31.60.

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday. JPMorgan Chase & Co. initiated coverage on shares of InvenTrust Properties in a report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Finally, Wells Fargo & Company initiated coverage on InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 target price on the stock.

Hedge Funds Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in InvenTrust Properties by 67.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,543 shares of the company’s stock worth $784,000 after buying an additional 11,499 shares in the last quarter. Millennium Management LLC grew its position in InvenTrust Properties by 6.8% in the first quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock worth $77,072,000 after acquiring an additional 166,881 shares in the last quarter. Strs Ohio bought a new position in InvenTrust Properties in the first quarter valued at $429,000. Dark Forest Capital Management LP raised its position in InvenTrust Properties by 537.3% during the first quarter. Dark Forest Capital Management LP now owns 120,795 shares of the company’s stock valued at $3,548,000 after purchasing an additional 101,842 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in InvenTrust Properties during the first quarter worth about $632,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.0%

NYSE IVT opened at $28.20 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $31.04. The business has a 50 day moving average price of $28.26 and a 200-day moving average price of $28.22. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 3.08 and a beta of 0.85.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.37). InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. The business had revenue of $74.47 million during the quarter, compared to analyst estimates of $73.57 million. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. As a group, equities analysts expect that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, December 30th. InvenTrust Properties’s payout ratio is currently 62.09%.

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.