InvenTrust Properties Corp. (NYSE:IVT – Get Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as $36.17 and last traded at $35.8640, with a volume of 24351 shares. The stock had previously closed at $35.88.
Analysts Set New Price Targets
Several research firms have recently issued reports on IVT. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, June 17th. 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 report on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, June 12th. Finally, Bank of America increased their price target on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $34.57.
Get Our Latest Stock Report on InvenTrust Properties
InvenTrust Properties Stock Up 0.5%
InvenTrust Properties (NYSE:IVT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during 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 forecast that InvenTrust Properties Corp. will post 1.99 EPS for the current year.
InvenTrust Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 30th. InvenTrust Properties’s payout ratio is currently 70.92%.
Institutional Trading of InvenTrust Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. Cassaday & Co Wealth Management LLC bought a new position in InvenTrust Properties in the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 44.0% in the second 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. Global Retirement Partners LLC boosted its position in shares of InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after acquiring an additional 621 shares during the period. Danske Bank A S grew its stake in shares of InvenTrust Properties by 220.0% in the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in shares of InvenTrust Properties in the fourth quarter worth $47,000. Institutional investors and hedge funds own 61.70% of the company’s stock.
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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