InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $31.00 and traded as high as $31.08. InvenTrust Properties shares last traded at $31.0020, with a volume of 806,111 shares traded.
Analyst Ratings Changes
IVT has been the subject of several recent research reports. Truist Financial set a $32.00 price target on InvenTrust Properties and gave the company a “hold” rating in a research note on Thursday, October 1st. Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Wells Fargo & Company set a $34.00 target price on InvenTrust Properties and gave the company an “overweight” rating in a report on Friday, October 23rd. Weiss Ratings raised shares of InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.57.
View Our Latest Analysis on InvenTrust Properties
InvenTrust Properties Stock Up 3.1%
The firm has a 50 day moving average of $31.00 and a 200 day moving average of $32.07. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 83.79, a PEG ratio of 2.45 and a beta of 0.77. The company has a quick ratio of 1.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.58.
InvenTrust Properties (NYSE:IVT – Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.22. InvenTrust Properties had a return on equity of 1.61% and a net margin of 8.68%. The business had revenue of $87.12 million during the quarter, compared to the consensus estimate of $84.18 million. As a group, sell-side analysts predict that InvenTrust Properties Corp. will post 1.95 earnings per share for the current year.
InvenTrust Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. InvenTrust Properties’s dividend payout ratio (DPR) is 500.00%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in InvenTrust Properties by 24.0% during the first quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock worth $52,000 after acquiring an additional 332 shares in the last quarter. Choreo LLC grew its holdings in InvenTrust Properties by 2.9% in the third quarter. Choreo LLC now owns 13,865 shares of the company’s stock worth $418,000 after purchasing an additional 391 shares during the period. Amundi grew its holdings in InvenTrust Properties by 0.9% in the first quarter. Amundi now owns 44,139 shares of the company’s stock worth $1,344,000 after purchasing an additional 392 shares during the period. Integrated Wealth Concepts LLC increased its stake in InvenTrust Properties by 4.6% in the second quarter. Integrated Wealth Concepts LLC now owns 10,588 shares of the company’s stock valued at $375,000 after purchasing an additional 462 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in InvenTrust Properties by 37.3% in the third quarter. Versant Capital Management Inc now owns 2,078 shares of the company’s stock valued at $63,000 after purchasing an additional 565 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
About InvenTrust Properties
InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.
The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.
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