InvenTrust Properties Corp. (NYSE:IVT) Plans Quarterly Dividend of $0.24

Key Points

• InvenTrust Properties Corp. announced a quarterly dividend of $0.24, set to be paid on October 15th to shareholders recorded by September 30th, representing a 3.2% yield.
• The company currently has a high dividend payout ratio of 296.9%, indicating it relies on its balance sheet to meet dividend obligations, though upcoming earnings may allow for better coverage.
• As of recent trading, InvenTrust's stock is priced at $29.69, with a market cap of $2.30 billion and a PE ratio of 16.93, reflecting its positioning in the real estate investment trust market.

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.2377 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

InvenTrust Properties has a dividend payout ratio of 296.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 50.3%.

InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded down $0.28 during mid-day trading on Tuesday, reaching $29.69. 368,550 shares of the company traded hands, compared to its average volume of 366,073. The company's 50 day moving average price is $28.30 and its 200-day moving average price is $28.13. The firm has a market cap of $2.30 billion, a PE ratio of 16.93, a PEG ratio of 3.27 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 52 week low of $25.21 and a 52 week high of $31.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.