Analysts Set InvenTrust Properties Corp. (NYSE:IVT) Price Target at $31.80

Shares of InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.80.

A number of brokerages recently weighed in on IVT. BTIG Research started coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating for the company.

InvenTrust Properties Stock Down 0.1%

IVT traded down $0.02 during trading on Friday, reaching $28.06. The company had a trading volume of 21,936 shares, compared to its average volume of 420,872. The business's fifty day moving average price is $27.90 and its 200 day moving average price is $29.23. InvenTrust Properties has a 12 month low of $23.69 and a 12 month high of $31.65. The company has a market cap of $2.18 billion, a P/E ratio of 155.71, a PEG ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.2376 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.39%. InvenTrust Properties's payout ratio is presently 413.04%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. FIL Ltd boosted its position in shares of InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after buying an additional 332 shares during the last quarter. Allworth Financial LP boosted its position in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock worth $258,000 after purchasing an additional 383 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in InvenTrust Properties by 3.1% in the first quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company's stock worth $406,000 after purchasing an additional 416 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after buying an additional 465 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock valued at $1,103,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

About InvenTrust Properties

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.