InvenTrust Properties Corp. (NYSE:IVT) Receives Average Rating of "Moderate Buy" from Analysts

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $31.80.

Several research firms recently commented on IVT. Wolfe Research initiated coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Wells Fargo & Company dropped their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, BTIG Research initiated 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.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of InvenTrust Properties by 18.4% during the fourth quarter. Bank of New York Mellon Corp now owns 322,487 shares of the company's stock worth $9,717,000 after acquiring an additional 50,178 shares during the last quarter. US Bancorp DE grew its position in InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after purchasing an additional 756 shares during the last quarter. Jones Financial Companies Lllp increased its stake in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after purchasing an additional 1,026 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of InvenTrust Properties by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after buying an additional 98,366 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of InvenTrust Properties by 10.7% during the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock worth $286,000 after buying an additional 920 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Up 0.4%

Shares of NYSE:IVT opened at $27.10 on Friday. The company has a market cap of $2.10 billion, a PE ratio of 117.83, a P/E/G ratio of 3.04 and a beta of 0.88. The company's 50 day moving average is $27.78 and its two-hundred day moving average is $28.56. InvenTrust Properties has a 52 week low of $25.21 and a 52 week 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.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.2377 dividend. The ex-dividend date is Monday, June 30th. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.51%. InvenTrust Properties's dividend payout ratio is 413.04%.

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.

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