InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has initiated coverage on InvenTrust Properties (NYSE:IVT) with an "overweight" rating and a target price of $33.00, indicating a potential upside of 16.86%.
• Other analysts including JPMorgan and Ladenburg Thalm/SH have set "neutral" ratings, with price targets ranging from $30.00 to $31.00, while Weiss Ratings maintains a "buy" rating.
• InvenTrust Properties currently has an average rating of "Moderate Buy" from investment analysts, with 61.70% of its stock owned by institutional investors.

Wells Fargo & Company assumed coverage on shares of InvenTrust Properties (NYSE:IVT - Get Free Report) in a note issued to investors on Tuesday. The brokerage set an "overweight" rating and a $33.00 price target on the stock. Wells Fargo & Company's price objective suggests a potential upside of 16.86% from the company's current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. started coverage on InvenTrust Properties in a research report on Friday. They issued a "neutral" rating and a $30.00 target price for the company. LADENBURG THALM/SH SH began coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 price target for the company. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $28.24 on Tuesday. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.65. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The business's 50-day moving average price is $28.82 and its two-hundred day moving average price is $28.01. The stock has a market cap of $2.19 billion, a PE ratio of 19.61, a P/E/G ratio of 3.25 and a beta of 0.86.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently added to or reduced their stakes in IVT. Wealth Enhancement Advisory Services LLC grew its stake in InvenTrust Properties by 6.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company's stock worth $501,000 after purchasing an additional 1,040 shares during the period. State of Alaska Department of Revenue grew its stake in InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after purchasing an additional 475 shares during the period. Asset Management One Co. Ltd. grew its stake in InvenTrust Properties by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 163,532 shares of the company's stock worth $4,803,000 after purchasing an additional 5,528 shares during the period. Spire Wealth Management grew its stake in InvenTrust Properties by 659.6% during the first quarter. Spire Wealth Management now owns 6,259 shares of the company's stock worth $184,000 after purchasing an additional 5,435 shares during the period. Finally, KBC Group NV acquired a new stake in InvenTrust Properties during the first quarter worth approximately $110,000. Institutional investors and hedge funds 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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