InvenTrust Properties Corp. (NYSE:IVT) Receives $31.80 Average Target Price from Brokerages

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $31.80.

A number of research firms recently issued reports on IVT. Wells Fargo & Company lowered their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. BTIG Research started coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Finally, Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating for the company.

Institutional Trading of InvenTrust Properties

A number of large investors have recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of InvenTrust Properties in the second quarter valued at $63,000. Contravisory Investment Management Inc. purchased a new stake in InvenTrust Properties in the 2nd quarter valued at about $222,000. Wealth Enhancement Advisory Services LLC grew its holdings in InvenTrust Properties by 67.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,543 shares of the company's stock valued at $784,000 after buying an additional 11,499 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of InvenTrust Properties by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 72,349 shares of the company's stock worth $1,982,000 after acquiring an additional 7,017 shares during the period. Finally, Bulwark Capital Corp acquired a new stake in shares of InvenTrust Properties in the second quarter worth approximately $57,000. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Trading Down 1.8%

IVT stock traded down $0.50 during midday trading on Friday, hitting $26.83. 453,100 shares of the company's stock were exchanged, compared to its average volume of 429,183. InvenTrust Properties has a 1-year low of $25.21 and a 1-year high of $31.65. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $27.78 and a two-hundred day simple moving average of $28.54. The stock has a market capitalization of $2.08 billion, a PE ratio of 116.66, a P/E/G ratio of 3.06 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.2377 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, June 30th. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

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.