Brokerages Set InvenTrust Properties Corp. (NYSE:IVT) PT at $32.60

Key Points

• InvenTrust Properties Corp. has received a consensus rating of "Moderate Buy" from analysts, with an average 1-year price target of $32.60.
• Institutional investors have shown significant interest, with notable increases in holdings from firms such as Vision Capital Corp and Aberdeen Group plc, which boosted their positions by 182.7% and 1,423.7%, respectively.
• The company recently announced a quarterly dividend of $0.2377 per share, reflecting an annualized dividend yield of 3.2%.

Shares of InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $32.60.

A number of equities analysts have weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They set a "neutral" rating and a $31.00 target price for the company. Wells Fargo & Company increased 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.

InvenTrust Properties Stock Up 0.2%

Shares of IVT stock traded up $0.07 on Friday, hitting $29.51. The stock had a trading volume of 521,891 shares, compared to its average volume of 414,738. The business has a 50 day moving average of $28.51 and a 200 day moving average of $28.12. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 3.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.65.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. InvenTrust Properties's dividend payout ratio (DPR) is 65.97%.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC raised its stake 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 valued at $406,000 after purchasing an additional 416 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $38,000 after purchasing an additional 418 shares in the last quarter. Lazard Asset Management LLC raised its stake in InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company's stock valued at $1,298,000 after purchasing an additional 465 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after acquiring an additional 475 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of InvenTrust Properties by 6.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company's stock worth $260,000 after acquiring an additional 506 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

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.