InvenTrust Properties (NYSE:IVT – Get Free Report) announced its earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), FiscalAI reports. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. The company had revenue of $82.83 million for the quarter, compared to analysts’ expectations of $82.44 million.
InvenTrust Properties Stock Performance
NYSE IVT traded down $0.39 during trading hours on Monday, reaching $35.02. 848,758 shares of the company were exchanged, compared to its average volume of 682,174. InvenTrust Properties has a 1 year low of $26.81 and a 1 year high of $37.22. The business’s 50 day simple moving average is $34.94 and its 200-day simple moving average is $32.35. The stock has a market capitalization of $2.73 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.90 and a beta of 0.78. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54.
InvenTrust Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 70.92%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on InvenTrust Properties
Institutional Investors Weigh In On InvenTrust Properties
A number of hedge funds have recently modified their holdings of IVT. EverSource Wealth Advisors LLC increased its position in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of InvenTrust Properties by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock worth $1,298,000 after acquiring an additional 465 shares during the period. Global Retirement Partners LLC grew its stake in shares of InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after acquiring an additional 621 shares during the period. California State Teachers Retirement System increased its holdings in InvenTrust Properties by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 71,333 shares of the company’s stock worth $1,955,000 after acquiring an additional 640 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in InvenTrust Properties by 2.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 27,325 shares of the company’s stock worth $749,000 after acquiring an additional 723 shares during the last quarter. Institutional investors 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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