Brokerages Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $34.71

InvenTrust Properties Corp. (NYSE:IVT) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.1429.

A number of equities research analysts have weighed in on the company. BTIG Research restated a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, June 12th. JPMorgan Chase & Co. upped their target price on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company set a $39.00 target price on InvenTrust Properties and gave the company an “overweight” rating in a research note on Thursday. Finally, Bank of America raised their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 29th.

InvenTrust Properties Price Performance

IVT opened at $36.42 on Friday. InvenTrust Properties has a twelve month low of $26.81 and a twelve month high of $37.22. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.93 and a beta of 0.78. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $34.61 and a 200 day simple moving average of $32.07.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates 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. Equities research analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio is 70.92%.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds and other institutional investors have recently modified their holdings of IVT. Deprince Race & Zollo Inc. acquired a new position in InvenTrust Properties in the fourth quarter worth about $26,941,000. Northwestern Mutual Wealth Management Co. raised its stake in InvenTrust Properties by 1,756.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock valued at $3,465,000 after buying an additional 116,226 shares in the last quarter. UBS Group AG raised its stake in InvenTrust Properties by 265.8% during the fourth quarter. UBS Group AG now owns 216,948 shares of the company’s stock valued at $6,120,000 after buying an additional 157,633 shares in the last quarter. B&I Capital AG bought a new position in InvenTrust Properties during the 4th quarter worth approximately $8,442,000. Finally, SG Americas Securities LLC lifted its holdings in InvenTrust Properties by 721.9% during the 4th quarter. SG Americas Securities LLC now owns 227,312 shares of the company’s stock worth $6,412,000 after buying an additional 199,655 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

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.