InvenTrust Properties Corp. Declares Quarterly Dividend of $0.25 (NYSE:IVT)

Key Points

• InvenTrust Properties declared a quarterly dividend of $0.25 per share, payable October 15 to shareholders of record on September 30. The dividend implies a $1.00 annualized payout and a 3.2% yield.
• The company has raised its dividend for four consecutive years, but its current 312.5% payout ratio indicates earnings do not presently cover the dividend. Analysts expect coverage to improve, with a projected future payout ratio of 48.5%.
• InvenTrust reported quarterly EPS of $0.02, below the $0.04 consensus estimate, while revenue of $82.83 million slightly exceeded expectations. Institutional investors own approximately 61.7% of the company.

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.25 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a 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 every year for the last 4 years. InvenTrust Properties has a payout ratio of 312.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

Shares of IVT stock opened at $31.26 on Wednesday. The firm has a 50 day moving average of $33.95 and a two-hundred day moving average of $33.02. The stock has a market capitalization of $2.44 billion, a PE ratio of 156.29, a P/E/G ratio of 2.58 and a beta of 0.77. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. InvenTrust Properties has a 52 week low of $26.81 and a 52 week high of $37.22.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The company had revenue of $82.83 million for the quarter, compared to analysts' expectations of $82.44 million. InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, research analysts predict that InvenTrust Properties will post 1.95 EPS for the current fiscal year.

Hedge Funds Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently modified their holdings of IVT. Cassaday & Co Wealth Management LLC purchased a new position in shares of InvenTrust Properties in the 1st quarter valued at about $29,000. Nykredit A S purchased a new stake in InvenTrust Properties during the second quarter worth approximately $39,000. NewEdge Advisors LLC lifted 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 purchasing an additional 332 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in InvenTrust Properties in the fourth quarter valued at approximately $65,000. Finally, Fifth Third Bancorp acquired a new position in InvenTrust Properties in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 61.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.