InvenTrust Properties (NYSE:IVT) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• InvenTrust Properties reported earnings of $0.44 per share for the quarter, missing estimates by $0.01.
• The company announced a quarterly dividend of $0.2377 per share, up from $0.24, with a dividend yield of 3.40%.
• BTIG Research initiated coverage on the stock with a "buy" rating and a price target of $31.00, indicating optimistic sentiment among analysts.

InvenTrust Properties (NYSE:IVT - Get Free Report) posted its earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01), Zacks reports. InvenTrust Properties had a return on equity of 1.03% and a net margin of 6.25%. InvenTrust Properties updated its FY 2025 guidance to 1.790-1.830 EPS.

InvenTrust Properties Stock Up 2.2%

InvenTrust Properties stock traded up $0.59 during mid-day trading on Tuesday, reaching $27.95. The stock had a trading volume of 401,254 shares, compared to its average volume of 412,480. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.43 and a current ratio of 2.43. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The stock's 50-day simple moving average is $27.58 and its 200-day simple moving average is $28.36. The firm has a market capitalization of $2.17 billion, a PE ratio of 121.53, a price-to-earnings-growth ratio of 3.11 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.2377 per share. The ex-dividend date was Monday, June 30th. This represents a $0.95 annualized dividend and a yield of 3.40%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's dividend payout ratio (DPR) is currently 413.04%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.80.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company's stock valued at $66,000 after buying an additional 1,001 shares during the last quarter. AQR Capital Management LLC grew its position in InvenTrust Properties by 29.3% during the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company's stock worth $302,000 after buying an additional 2,331 shares in the last quarter. Jane Street Group LLC purchased a new position in InvenTrust Properties during the first quarter worth about $1,022,000. Amundi boosted its holdings in shares of InvenTrust Properties by 9.8% in the 1st quarter. Amundi now owns 45,205 shares of the company's stock worth $1,268,000 after purchasing an additional 4,018 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of InvenTrust Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company's stock worth $1,355,000 after purchasing an additional 2,014 shares in the last quarter. Institutional investors and hedge funds 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.

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