InvenTrust Properties (NYSE:IVT) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded InvenTrust Properties from “sell” to “hold.” The stock has an overall “Moderate Buy” consensus rating, with an average price target of $34.57.
• InvenTrust shares opened at $30.94, near their 50-day moving average and below the 52-week high of $37.22. The company recently beat quarterly expectations, reporting $0.25 in earnings per share versus the $0.03 consensus estimate.
• Institutional investors own 61.7% of the company, with Wellington Management notably increasing its position during the second quarter. InvenTrust operates grocery-anchored, open-air shopping centers concentrated in Sun Belt markets.

InvenTrust Properties (NYSE:IVT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently commented on IVT. Wells Fargo & Company set a $34.00 target price on InvenTrust Properties and gave the company an "overweight" rating in a research note on Friday, October 23rd. BTIG Research restated a "buy" rating and issued a $37.00 price target on shares of InvenTrust Properties in a research note on Friday, August 28th. Truist Financial set a $32.00 price target on shares of InvenTrust Properties and gave the company a "hold" rating in a report on Thursday, October 1st. Finally, Weiss Ratings raised shares of InvenTrust Properties from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, InvenTrust Properties currently has an average rating of "Moderate Buy" and an average target price of $34.57.

InvenTrust Properties Trading Down 0.3%

Shares of IVT opened at $30.94 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.53 and a beta of 0.77. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.73 and a current ratio of 1.01. The stock has a 50-day moving average price of $30.96 and a 200 day moving average price of $32.08.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 earnings per share for the quarter, beating 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 firm had revenue of $87.12 million during the quarter, compared to analyst estimates of $84.18 million. Sell-side analysts forecast that InvenTrust Properties will post 1.95 EPS for the current fiscal year.

Institutional Trading of InvenTrust Properties

Several hedge funds and other institutional investors have recently bought and sold shares of IVT. Public Employees Retirement System of Ohio acquired a new position in InvenTrust Properties in the second quarter worth $3,209,000. Sei Investments Co. increased its stake in InvenTrust Properties by 61.7% during the first quarter. Sei Investments Co. now owns 106,373 shares of the company's stock valued at $3,240,000 after purchasing an additional 40,600 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of InvenTrust Properties by 264.2% during the first quarter. Quantinno Capital Management LP now owns 95,087 shares of the company's stock worth $2,896,000 after purchasing an additional 68,976 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of InvenTrust Properties during the second quarter worth $4,006,000. Finally, Wellington Management Group LLP raised its holdings in shares of InvenTrust Properties by 1,843.1% during the second quarter. Wellington Management Group LLP now owns 647,037 shares of the company's stock worth $22,905,000 after purchasing an additional 613,738 shares during the period. 61.70% of the stock is owned by institutional investors.

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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