InvenTrust Properties (NYSE:IVT) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of InvenTrust Properties (NYSE:IVT) from a hold rating to a sell rating in a research note released on Tuesday morning.

IVT has been the subject of several other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. KeyCorp assumed 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. Wells Fargo & Company raised their price objective on shares of InvenTrust Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 target price (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $30.76 on Tuesday. InvenTrust Properties has a twelve month low of $25.21 and a twelve month high of $32.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.39 billion, a P/E ratio of 21.51, a PEG ratio of 2.88 and a beta of 0.83. The stock’s 50 day moving average is $30.57 and its 200 day moving average is $29.17.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share (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 company had revenue of $77.38 million for 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, equities research analysts predict that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. InvenTrust Properties’s dividend payout ratio is currently 69.93%.

Institutional Investors Weigh In On InvenTrust Properties

Institutional investors have recently modified their holdings of the business. Comerica Bank boosted its stake in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock worth $66,000 after buying an additional 1,001 shares during the last quarter. Amundi lifted its holdings in InvenTrust Properties by 9.8% in the first quarter. Amundi now owns 45,205 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,018 shares during the period. AQR Capital Management LLC lifted its holdings in InvenTrust Properties by 29.3% in the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock valued at $302,000 after acquiring an additional 2,331 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in InvenTrust Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock worth $1,355,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in InvenTrust Properties by 66.0% in the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after purchasing an additional 276,474 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

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.