InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.25 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th.
InvenTrust Properties has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. InvenTrust Properties has a payout ratio of 312.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect InvenTrust Properties to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.5%.
InvenTrust Properties Stock Performance
IVT stock opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. InvenTrust Properties has a 1-year low of $26.81 and a 1-year high of $37.22. The business has a 50-day moving average price of $33.85 and a 200 day moving average price of $33.02. The company has a market capitalization of $2.41 billion, a P/E ratio of 154.23, a PEG ratio of 2.54 and a beta of 0.77.
About InvenTrust Properties
InvenTrust Properties Corp. (NYSE: IVT) is a real estate investment trust focused on owning, leasing, developing and managing open-air retail properties. Its portfolio primarily consists of grocery-anchored neighborhood and community shopping centers designed to serve daily consumer needs.
The company concentrates on high-growth markets across the Sun Belt, including the Southeast, Southwest and other expanding regions of the United States. Its properties typically feature grocery stores, pharmacies, restaurants, service businesses and other necessity-oriented retailers, with tenant mixes intended to support recurring customer traffic.
InvenTrust traces its history to Inland American Real Estate Trust and became a publicly traded company on the New York Stock Exchange in 2021.
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