InvenTrust Properties (NYSE:IVT) Hits New 52-Week High Following Dividend Announcement

InvenTrust Properties Corp. (NYSE:IVT)’s stock price hit a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as $32.63 and last traded at $31.64, with a volume of 41060 shares trading hands. The stock had previously closed at $31.24.

The newly announced dividend which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio (DPR) is 66.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IVT shares. KeyCorp initiated coverage on shares of InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.17.

InvenTrust Properties Trading Up 0.2%

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 fifty day moving average of $30.13 and a 200-day moving average of $29.07. The firm has a market capitalization of $2.47 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84.

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

Institutional Trading of InvenTrust Properties

A number of institutional investors have recently added to or reduced their stakes in IVT. Corient Private Wealth LLC bought a new stake in InvenTrust Properties in the fourth quarter worth approximately $209,000. Hsbc Holdings PLC raised its holdings in shares of InvenTrust Properties by 1.3% during the 4th quarter. Hsbc Holdings PLC now owns 130,259 shares of the company’s stock valued at $3,674,000 after purchasing an additional 1,634 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of InvenTrust Properties during the 4th quarter valued at $65,000. Invesco Ltd. lifted its stake in shares of InvenTrust Properties by 1.7% in the 4th quarter. Invesco Ltd. now owns 193,330 shares of the company’s stock valued at $5,454,000 after purchasing an additional 3,240 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of InvenTrust Properties in the 4th quarter valued at $57,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

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.