InvenTrust Properties (NYSE:IVT) Sees Unusually-High Trading Volume – What’s Next?

InvenTrust Properties Corp. (NYSE:IVTGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,680,214 shares changed hands during 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 Analysts Forecast Growth

IVT has been the topic of several analyst reports. Weiss Ratings downgraded InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. KeyCorp assumed coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price target on the stock. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised 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. Finally, 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, May 26th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, InvenTrust Properties currently has an average rating of “Moderate Buy” and an average target price of $34.17.

View Our Latest Stock Report on IVT

InvenTrust Properties Price Performance

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.74 and a beta of 0.80. The stock has a 50-day moving average price of $31.98 and a 200 day moving average price of $30.38.

InvenTrust Properties (NYSE:IVTGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities research analysts expect that InvenTrust Properties Corp. will post 1.99 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s payout ratio is presently 70.92%.

Institutional Investors Weigh In On InvenTrust Properties

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in InvenTrust Properties by 40.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 199,821 shares of the company’s stock worth $5,719,000 after buying an additional 57,633 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in InvenTrust Properties in the 4th quarter worth about $26,941,000. Hudson Bay Capital Management LP acquired a new stake in InvenTrust Properties in the 3rd quarter worth about $23,581,000. Northwestern Mutual Wealth Management Co. boosted its holdings in InvenTrust Properties by 1,756.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock worth $3,465,000 after buying an additional 116,226 shares during the last quarter. Finally, Vision Capital Corp boosted its holdings in InvenTrust Properties by 11.8% in the 3rd quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock worth $31,650,000 after buying an additional 116,402 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

About InvenTrust Properties

(Get Free Report)

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.

Further Reading

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