InvenTrust Properties Corp. (NYSE:IVT) Receives $35.00 Average Price Target from Analysts

InvenTrust Properties Corp. (NYSE:IVT) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $35.6667.

A number of research firms have recently commented on IVT. Wells Fargo & Company set a $38.00 price target on shares of InvenTrust Properties and gave the company an “overweight” rating in a research report on Tuesday, September 1st. BTIG Research reaffirmed a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a report on Friday, August 28th. Bank of America raised their target price on shares of InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings downgraded shares of InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $32.06 on Friday. InvenTrust Properties has a fifty-two week low of $26.81 and a fifty-two week high of $37.22. The business has a 50-day moving average of $34.18 and a two-hundred day moving average of $33.01. The stock has a market capitalization of $2.50 billion, a P/E ratio of 160.30, a P/E/G ratio of 2.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $82.83 million for the quarter, compared to the consensus estimate of $82.44 million. InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts predict that InvenTrust Properties will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 500.00%.

Hedge Funds Weigh In On InvenTrust Properties

Several large investors have recently made changes to their positions in IVT. California State Teachers Retirement System grew its stake in shares of InvenTrust Properties by 4,358.1% in the second quarter. California State Teachers Retirement System now owns 3,151,308 shares of the company’s stock worth $111,556,000 after acquiring an additional 3,080,621 shares during the last quarter. Principal Financial Group Inc. increased its position in InvenTrust Properties by 24.9% during the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock worth $235,438,000 after acquiring an additional 1,539,672 shares during the period. Centersquare Investment Management LLC raised its stake in InvenTrust Properties by 600.3% during the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after purchasing an additional 1,103,911 shares during the last quarter. Vision Capital Corp boosted its holdings in InvenTrust Properties by 182.7% in the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock valued at $27,112,000 after purchasing an additional 639,472 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in InvenTrust Properties by 1,843.1% in the 2nd quarter. Wellington Management Group LLP now owns 647,037 shares of the company’s stock valued at $22,905,000 after purchasing an additional 613,738 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

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.