InvenTrust Properties (NYSE:IVT – Get Free Report) had its price objective upped by analysts at Bank of America from $36.00 to $37.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 11.47% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 20th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, KeyCorp started coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus target price of $34.17.
Check Out Our Latest Research Report on IVT
InvenTrust Properties Stock Performance
InvenTrust Properties (NYSE:IVT – Get Free Report) last announced 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. The business had revenue of $82.58 million during the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts anticipate that InvenTrust Properties will post 1.99 EPS for the current year.
Institutional Investors Weigh In On InvenTrust Properties
Several large investors have recently made changes to their positions in the company. Amundi grew its position in shares of InvenTrust Properties by 0.9% during the 1st quarter. Amundi now owns 44,139 shares of the company’s stock valued at $1,344,000 after acquiring an additional 392 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares during the period. Lazard Asset Management LLC lifted its stake in InvenTrust Properties by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after buying an additional 465 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in InvenTrust Properties by 6.1% in the 3rd quarter. Gallacher Capital Management LLC now owns 8,747 shares of the company’s stock worth $250,000 after purchasing an additional 500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in InvenTrust Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 shares during the last quarter. 61.70% of the stock is owned by 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.
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