InvenTrust Properties (NYSE:IVT) Coverage Initiated at LADENBURG THALM/SH SH

Key Points

• Analysts at LADENBURG THALM/SH SH have initiated coverage of InvenTrust Properties (NYSE:IVT) with a neutral rating and a price target of $31.00, indicating a potential upside of 5.25% from the current stock price.
• Wells Fargo & Company has raised its price target for InvenTrust Properties from $32.00 to $34.00, maintaining an "overweight" rating as part of the stock's positive outlook.
• Currently, InvenTrust Properties has an average rating of "Moderate Buy" among analysts, with a majority bullish sentiment reflected in the ratings from four analysts for "Buy" and three for "Hold".

LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties (NYSE:IVT - Free Report) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a neutral rating and a $31.00 price target on the stock.

Separately, Wells Fargo & Company boosted their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, InvenTrust Properties currently has an average rating of "Moderate Buy" and a consensus target price of $32.60.

InvenTrust Properties Price Performance

Shares of NYSE IVT traded up $0.08 during midday trading on Tuesday, hitting $30.03. 420,844 shares of the company's stock were exchanged, compared to its average volume of 370,002. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.65. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 3.27 and a beta of 0.88. The business's fifty day moving average price is $28.18 and its two-hundred day moving average price is $28.12.

InvenTrust Properties Increases Dividend

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

Institutional Trading of InvenTrust Properties

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 buying an additional 181,423 shares during the last quarter. Principal Financial Group Inc. lifted its position in InvenTrust Properties by 2.3% in 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 last quarter. Millennium Management LLC lifted its position in InvenTrust Properties by 6.8% in 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in InvenTrust Properties by 2.8% in 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 last quarter. Finally, Nuveen Asset Management LLC lifted its position in InvenTrust Properties by 35.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock valued at $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Institutional investors 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.