InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage on InvenTrust Properties (NYSE:IVT) with a "neutral" rating and a price target of $30.00, indicating a potential upside of 7.84% from the previous close.
• Other analysts have also rated the stock, with four assigning a "Buy" rating and three a "Hold," resulting in an average rating of "Moderate Buy" and a consensus target price of $32.00.
• InvenTrust Properties is a REIT focused on multi-tenant essential retail, primarily owning and managing grocery-anchored neighborhood centers, with a current market capitalization of $2.16 billion.

Investment analysts at JPMorgan Chase & Co. started coverage on shares of InvenTrust Properties (NYSE:IVT - Get Free Report) in a report issued on Friday,Briefing.com Automated Import reports. The firm set a "neutral" rating and a $30.00 price target on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 7.84% from the company's previous close.

Other equities analysts have also recently issued reports about the company. LADENBURG THALM/SH SH began coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of InvenTrust Properties in a report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $27.82 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 19.32, a P/E/G ratio of 3.24 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The business has a fifty day moving average price of $28.78 and a two-hundred day moving average price of $28.02. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of IVT. Nuveen LLC bought a new stake in InvenTrust Properties during the 1st quarter worth $30,620,000. Vision Capital Corp grew its position in InvenTrust Properties by 182.7% during the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company's stock worth $27,112,000 after acquiring an additional 639,472 shares during the last quarter. Balyasny Asset Management L.P. grew its position in InvenTrust Properties by 111.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company's stock worth $26,528,000 after acquiring an additional 509,518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in InvenTrust Properties by 443.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company's stock worth $17,235,000 after acquiring an additional 478,887 shares during the last quarter. Finally, Aberdeen Group plc grew its position in InvenTrust Properties by 1,423.7% during the 2nd quarter. Aberdeen Group plc now owns 437,441 shares of the company's stock worth $11,986,000 after acquiring an additional 408,731 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

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.

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