InvenTrust Properties' (IVT) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• InvenTrust Properties' stock maintains a "Buy (B)" rating as reaffirmed by Weiss Ratings, highlighting positive analyst sentiment towards the company.
• The company's stock has seen a slight increase of 0.2%, trading at $27.32, with an average price target set at $32.50.
• Institutional ownership is strong, with over 61% of the stock held by institutional investors, indicating significant confidence in InvenTrust Properties' prospects.

InvenTrust Properties (NYSE:IVT - Get Free Report)'s stock had its "buy (b)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

IVT has been the topic of a number of other reports. LADENBURG THALM/SH SH began coverage on InvenTrust Properties in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 price objective on the stock. Wells Fargo & Company increased their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, InvenTrust Properties currently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

InvenTrust Properties Trading Up 0.2%

IVT traded up $0.05 during mid-day trading on Tuesday, reaching $27.32. The stock had a trading volume of 94,017 shares, compared to its average volume of 423,683. The stock has a market capitalization of $2.12 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. The firm's fifty day simple moving average is $28.76 and its two-hundred day simple moving average is $28.04. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $31.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of InvenTrust Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company's stock worth $320,315,000 after purchasing an additional 181,423 shares during the last quarter. Principal Financial Group Inc. raised its stake in InvenTrust Properties by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,461,835 shares of the company's stock worth $131,044,000 after buying an additional 99,196 shares during the period. Millennium Management LLC raised its stake in InvenTrust Properties by 6.8% during the 1st quarter. Millennium Management LLC now owns 2,624,186 shares of the company's stock worth $77,072,000 after buying an additional 166,881 shares during the period. Charles Schwab Investment Management Inc. raised its stake in InvenTrust Properties by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,314,430 shares of the company's stock worth $38,605,000 after buying an additional 36,397 shares during the period. Finally, Nuveen LLC acquired a new stake in InvenTrust Properties during the 1st quarter worth $30,620,000. 61.70% of the stock is currently owned by institutional investors.

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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