InvenTrust Properties (NYSE:IVT) Earns Buy Rating from Analysts at BTIG Research

Research analysts at BTIG Research began coverage on shares of InvenTrust Properties (NYSE:IVT - Get Free Report) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $31.00 price target on the stock. BTIG Research's price objective would indicate a potential upside of 11.53% from the company's previous close.

Several other equities analysts have also recently commented on IVT. Wolfe Research assumed coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Wells Fargo & Company reduced their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $27.80 on Monday. The stock's fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $29.49. The stock has a market cap of $2.15 billion, a PE ratio of 154.44, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a 1-year low of $23.69 and a 1-year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, analysts forecast that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

Institutional Trading of InvenTrust Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its stake in InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock valued at $74,039,000 after purchasing an additional 839,541 shares in the last quarter. Principal Financial Group Inc. lifted its position in InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after acquiring an additional 738,784 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of InvenTrust Properties by 35.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Northern Trust Corp boosted its position in shares of InvenTrust Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock valued at $30,574,000 after buying an additional 275,737 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in InvenTrust Properties in the 4th quarter worth about $7,109,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

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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