Shares of InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $33.49 and last traded at $33.3940, with a volume of 68373 shares trading hands. The stock had previously closed at $32.94.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on IVT shares. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. 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 downgraded shares of InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Bank of America boosted their price target on shares of InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.17.
Check Out Our Latest Research Report on InvenTrust Properties
InvenTrust Properties Stock Performance
InvenTrust Properties (NYSE:IVT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 EPS 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 company had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.99 EPS for the current year.
InvenTrust Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change 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 company. Comerica Bank grew its stake in InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after buying an additional 1,001 shares during the last quarter. Amundi boosted its holdings in InvenTrust Properties by 9.8% during 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 grew its position in shares of 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 purchasing an additional 2,331 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 valued at $1,355,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of 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 period. Institutional investors own 61.70% of the company’s stock.
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.
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