Wall Street Zen Upgrades InvenTrust Properties (NYSE:IVT) to Hold

InvenTrust Properties (NYSE:IVT) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also weighed in on IVT. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Wells Fargo & Company increased their price target on InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, KeyCorp assumed coverage on InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

InvenTrust Properties Stock Performance

IVT opened at $32.65 on Friday. The firm has a fifty day moving average price of $31.05 and a 200 day moving average price of $29.35. InvenTrust Properties has a 1 year low of $26.52 and a 1 year high of $32.70. The stock has a market cap of $2.54 billion, a P/E ratio of 22.83, a P/E/G ratio of 3.11 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IVT. Principal Financial Group Inc. increased its stake in InvenTrust Properties by 30.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock worth $174,612,000 after buying an additional 1,456,918 shares in the last quarter. Millennium Management LLC raised its holdings in shares of InvenTrust Properties by 40.8% during the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after acquiring an additional 553,184 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of InvenTrust Properties by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock valued at $38,943,000 after acquiring an additional 12,176 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of InvenTrust Properties by 600.3% in the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after acquiring an additional 1,103,911 shares in the last quarter. Finally, Vision Capital Corp boosted its stake in shares of InvenTrust Properties by 11.8% in the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock worth $31,650,000 after acquiring an additional 116,402 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

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.