InvenTrust Properties Corp. (IVT) to Issue Quarterly Dividend of $0.25 on April 15th

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.25 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a 5.2% increase from InvenTrust Properties’s previous quarterly dividend of $0.24.

InvenTrust Properties has raised its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 4 years. InvenTrust Properties has a dividend payout ratio of 312.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 52.9%.

InvenTrust Properties Stock Performance

IVT stock traded down $0.04 on Friday, reaching $30.46. The company’s stock had a trading volume of 420,917 shares, compared to its average volume of 528,872. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $32.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $2.37 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. The firm has a fifty day moving average of $30.46 and a two-hundred day moving average of $29.14.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.42). The company had revenue of $77.38 million for the quarter, compared to the consensus estimate of $76.23 million. InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, analysts predict that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on IVT shares. Wells Fargo & Company boosted their target price on InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. KeyCorp started coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 price objective (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Finally, Wall Street Zen raised InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.33.

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.