InvenTrust Properties (NYSE:IVT) Posts Earnings Results, Beats Estimates By $0.22 EPS

Key Points

• InvenTrust Properties beat quarterly earnings expectations: EPS was $0.25 versus the $0.03 consensus estimate, while revenue reached $87.12 million, above analysts’ $84.18 million forecast.
• The company paid a quarterly dividend of $0.25 per share, or $1.00 annualized, representing a 3.3% yield; its reported payout ratio was 500%.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $34.57, compared with the stock’s reported trading price of $30.32.

InvenTrust Properties (NYSE:IVT - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.22, FiscalAI reports. The firm had revenue of $87.12 million for the quarter, compared to analyst estimates of $84.18 million. InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.

InvenTrust Properties Price Performance

NYSE:IVT traded up $0.23 during trading hours on Tuesday, hitting $30.32. The company's stock had a trading volume of 743,784 shares, compared to its average volume of 674,762. The business's 50-day moving average is $31.17 and its two-hundred day moving average is $32.04. The company has a market capitalization of $2.36 billion, a PE ratio of 151.59, a PEG ratio of 2.45 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. InvenTrust Properties has a 52-week low of $26.81 and a 52-week high of $37.22.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, September 30th. InvenTrust Properties's dividend payout ratio is currently 500.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IVT. Bank of America boosted their target price on InvenTrust Properties from $37.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 29th. Wells Fargo & Company set a $34.00 price target on InvenTrust Properties and gave the stock an "overweight" rating in a report on Friday. Truist Financial set a $32.00 price objective on shares of InvenTrust Properties and gave the company a "hold" rating in a research report on Thursday, October 1st. Weiss Ratings lowered shares of InvenTrust Properties from a "buy (b)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Finally, BTIG Research reissued a "buy" rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.57.

InvenTrust Properties Company Profile

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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