InvenTrust Properties (NYSE:IVT) Sees Strong Trading Volume – Time to Buy?

Shares of InvenTrust Properties Corp. (NYSE:IVT) saw unusually-high trading volume on Monday . Approximately 1,680,214 shares traded hands during mid-day trading, an increase of 237% from the previous session’s volume of 499,261 shares.The stock last traded at $34.12 and had previously closed at $33.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IVT shares. KeyCorp assumed coverage on InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price on the stock. 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. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Bank of America upped their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings downgraded InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.17.

InvenTrust Properties Stock Up 0.4%

The company has a market cap of $2.71 billion, a P/E ratio of 24.70, a PEG ratio of 2.81 and a beta of 0.80. The stock has a 50-day moving average of $32.14 and a 200 day moving average of $30.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. The business had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Research analysts anticipate that InvenTrust Properties Corp. will post 1.99 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio (DPR) is 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

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