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

Key Points

• Analysts remain broadly positive: Seven firms give InvenTrust Properties an average “Buy” rating, with a consensus 12-month price target of $35.14 versus the stock’s $32.77 opening price.
• Institutional ownership increased: Major investors including Principal Financial Group, Millennium Management and Centersquare expanded their positions, while institutions collectively own 61.7% of the company.
• Quarterly results were mixed: InvenTrust reported $0.02 in EPS, missing the $0.04 consensus estimate, but revenue of $82.83 million exceeded expectations. The company also pays a $0.25 quarterly dividend, yielding about 3.1% annually.

Shares of InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) have received an average rating of "Buy" from the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $35.1429.

A number of analysts recently weighed in on IVT shares. Bank of America upped their target price on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 29th. BTIG Research reissued a "buy" rating and issued a $37.00 price target on shares of InvenTrust Properties in a report on Friday, June 12th. Wall Street Zen lowered shares of InvenTrust Properties from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Weiss Ratings cut shares of InvenTrust Properties from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group upgraded InvenTrust Properties to a "strong-buy" rating in a research report on Friday, June 26th.

Institutional Trading of InvenTrust Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of InvenTrust Properties by 24.9% during the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company's stock worth $235,438,000 after purchasing an additional 1,539,672 shares in the last quarter. Millennium Management LLC raised its stake in InvenTrust Properties by 40.8% in the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company's stock valued at $53,885,000 after purchasing an additional 553,184 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in InvenTrust Properties by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company's stock valued at $38,943,000 after purchasing an additional 12,176 shares in the last quarter. Centersquare Investment Management LLC lifted its position in InvenTrust Properties by 600.3% during the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company's stock valued at $36,329,000 after purchasing an additional 1,103,911 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in InvenTrust Properties by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,071,380 shares of the company's stock valued at $32,635,000 after purchasing an additional 80,985 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Down 0.2%

IVT stock opened at $32.77 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.56 billion, a PE ratio of 163.87, a PEG ratio of 2.68 and a beta of 0.78. InvenTrust Properties has a twelve month low of $26.81 and a twelve month high of $37.22. The stock has a 50-day simple moving average of $35.01 and a two-hundred day simple moving average of $32.57.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.The firm had revenue of $82.83 million during the quarter, compared to analysts' expectations of $82.44 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities analysts predict that InvenTrust Properties will post 2 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties's payout ratio is presently 500.00%.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.

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