InvenTrust Properties Corp. (NYSE:IVT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• InvenTrust Properties Corp. (NYSE:IVT) has received an average rating of "Moderate Buy" from six research firms, with a 12-month price target averaging $32.50.
• Significant institutional buying activity was observed, with hedge funds like Nuveen LLC and Aberdeen Group plc increasing their stakes substantially in recent quarters.
• The company declared a quarterly dividend of $0.2377 per share, translating to an annualized yield of 3.4%, with a payout ratio currently at 65.97%.

Shares of InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.50.

Several research analysts have weighed in on IVT shares. Weiss Ratings reiterated a "buy (b)" rating on shares of InvenTrust Properties in a research note on Tuesday. LADENBURG THALM/SH SH initiated coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th.

Institutional Trading of InvenTrust Properties

A number of hedge funds have recently bought and sold shares of IVT. Nuveen LLC bought a new stake in InvenTrust Properties in the 1st quarter valued at $30,620,000. Vision Capital Corp raised its stake in shares of InvenTrust Properties by 182.7% in the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company's stock valued at $27,112,000 after buying an additional 639,472 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of InvenTrust Properties by 111.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company's stock valued at $26,528,000 after buying an additional 509,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of InvenTrust Properties by 443.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company's stock valued at $17,235,000 after buying an additional 478,887 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in shares of InvenTrust Properties by 1,423.7% in the 2nd quarter. Aberdeen Group plc now owns 437,441 shares of the company's stock valued at $11,986,000 after buying an additional 408,731 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Up 1.4%

IVT stock opened at $27.85 on Thursday. InvenTrust Properties has a 52-week low of $25.21 and a 52-week high of $31.65. The company's 50 day simple moving average is $28.77 and its 200-day simple moving average is $28.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The firm has a market capitalization of $2.16 billion, a P/E ratio of 19.34, a P/E/G ratio of 3.19 and a beta of 0.86.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 30th. InvenTrust Properties's dividend payout ratio is currently 65.97%.

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.

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