InvenTrust Properties Corp. (NYSE:IVT) Receives Consensus Rating 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.

Shares of InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $32.20.

Separately, Wells Fargo & Company upped their target price on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday.

InvenTrust Properties Stock Up 0.9%

Shares of NYSE:IVT traded up $0.26 during midday trading on Wednesday, reaching $29.49. The company had a trading volume of 59,790 shares, compared to its average volume of 410,128. The stock has a market capitalization of $2.29 billion, a P/E ratio of 20.49, a PEG ratio of 3.21 and a beta of 0.88. InvenTrust Properties has a one year low of $25.21 and a one year high of $31.65. The stock's fifty day moving average price is $27.65 and its 200-day moving average price is $28.15. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.2377 dividend. The ex-dividend date was Monday, June 30th. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a dividend yield of 3.2%. InvenTrust Properties's dividend payout ratio is 65.97%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IVT. Signature Estate & Investment Advisors LLC boosted its holdings in shares of InvenTrust Properties by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company's stock worth $406,000 after acquiring an additional 416 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $38,000 after purchasing an additional 418 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after buying an additional 465 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company's stock valued at $1,298,000 after buying an additional 465 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in InvenTrust Properties by 1.3% during the 1st quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

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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