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

Key Points

• InvenTrust Properties Corp. has received a consensus rating of "Moderate Buy" from six analysts, with an average twelve-month price target of $32.20.
• Wells Fargo increased InvenTrust's target price from $32.00 to $34.00, assigning the company an "overweight" rating.
• The company recently raised its quarterly dividend to $0.2377, resulting in a 3.2% dividend yield.

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.20.

Separately, Wells Fargo & Company raised their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds have recently made changes to their positions in IVT. NewEdge Advisors LLC boosted its position in shares of InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after purchasing an additional 465 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in InvenTrust Properties by 20.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 41,196 shares of the company's stock valued at $1,240,000 after buying an additional 7,099 shares during the period. Dimensional Fund Advisors LP boosted its position in InvenTrust Properties by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company's stock valued at $27,366,000 after buying an additional 77,299 shares during the period. MetLife Investment Management LLC boosted its position in InvenTrust Properties by 17.0% in the 4th quarter. MetLife Investment Management LLC now owns 49,041 shares of the company's stock valued at $1,478,000 after buying an additional 7,122 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of InvenTrust Properties by 15.3% in the 4th quarter. Hsbc Holdings PLC now owns 102,096 shares of the company's stock valued at $3,066,000 after purchasing an additional 13,570 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Price Performance

NYSE IVT traded down $0.06 during trading hours on Wednesday, hitting $29.74. 398,842 shares of the company's stock traded hands, compared to its average volume of 370,071. The firm's 50-day moving average is $27.76 and its 200-day moving average is $28.12. The company has a market capitalization of $2.31 billion, a PE ratio of 20.65, a PEG 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 52-week low of $25.21 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.2377 per share. The ex-dividend date was Monday, June 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's payout ratio is 65.97%.

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.