InvenTrust Properties Corp. (NYSE:IVT) Given Consensus Recommendation of "Moderate Buy" by Analysts

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 presently covering the firm, 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 price objective among analysts that have issued a report on the stock in the last year is $31.80.

Several analysts have recently issued reports on IVT shares. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. BTIG Research began coverage on shares of InvenTrust Properties in a research note on Monday. They issued a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company reduced their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd.

InvenTrust Properties Price Performance

Shares of NYSE:IVT traded up $0.11 during midday trading on Monday, hitting $27.84. The company had a trading volume of 28,932 shares, compared to its average volume of 425,323. The business's 50-day simple moving average is $28.48 and its 200-day simple moving average is $29.49. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 154.64, a price-to-earnings-growth 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 has a twelve month low of $23.68 and a twelve month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, research analysts predict that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.41%. InvenTrust Properties's payout ratio is currently 527.78%.

Institutional Investors Weigh In On InvenTrust Properties

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in InvenTrust Properties by 51.9% in the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock valued at $74,039,000 after purchasing an additional 839,541 shares during the period. Principal Financial Group Inc. lifted its position in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after acquiring an additional 738,784 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in InvenTrust Properties by 35.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after acquiring an additional 315,380 shares during the period. Northern Trust Corp grew its position in InvenTrust Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock valued at $30,574,000 after acquiring an additional 275,737 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of InvenTrust Properties during the fourth quarter valued at approximately $7,109,000. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Company Profile

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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