InvenTrust Properties (NYSE:IVT) Posts 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) announced its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01), Zacks reports. The business had revenue of $73.55 million during the quarter, compared to analyst estimates of $73.50 million. InvenTrust Properties had a net margin of 39.01% and a return on equity of 6.33%. InvenTrust Properties updated its FY 2025 guidance to 1.790-1.830 EPS.

InvenTrust Properties Stock Down 2.1%

InvenTrust Properties stock traded down $0.57 during midday trading on Friday, reaching $27.00. The company's stock had a trading volume of 755,872 shares, compared to its average volume of 423,593. The business has a 50-day simple moving average of $27.59 and a 200-day simple moving average of $28.33. The company has a market cap of $2.10 billion, a P/E ratio of 18.75, a P/E/G ratio of 3.16 and a beta of 0.88. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The company has a quick ratio of 2.43, a current ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.2377 dividend. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 30th. InvenTrust Properties's payout ratio is 65.97%.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.80.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds have recently added to or reduced their stakes in IVT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of InvenTrust Properties by 443.7% in 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 valued at $17,235,000 after purchasing an additional 478,887 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in InvenTrust Properties by 66.0% in the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company's stock valued at $20,420,000 after buying an additional 276,474 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of InvenTrust Properties in the first quarter valued at approximately $1,022,000. Intech Investment Management LLC grew its position in shares of InvenTrust Properties by 43.5% during the first quarter. Intech Investment Management LLC now owns 48,631 shares of the company's stock worth $1,428,000 after acquiring an additional 14,745 shares during the last quarter. Finally, Amundi increased 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 valued at $1,268,000 after acquiring an additional 4,018 shares during the period. 61.70% of the stock is currently 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.