InvenTrust Properties (NYSE:IVT) Share Price Breaks Above 50-Day Moving Average - What's Next?

Key Points

• InvenTrust Properties shares rose above their 50-day moving average, reaching $31.08 and trading near $31.00, up 3.1%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $34.57 price target, although one firm downgraded the stock to “sell.”
• The company exceeded quarterly expectations, reporting $0.25 in EPS versus a $0.03 estimate and $87.12 million in revenue; it also pays a $1.00 annualized dividend yielding about 3.2%.

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $31.00 and traded as high as $31.08. InvenTrust Properties shares last traded at $31.0020, with a volume of 806,111 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded InvenTrust Properties from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Truist Financial set a $32.00 price objective on shares of InvenTrust Properties and gave the stock a "hold" rating in a research note on Thursday, October 1st. BTIG Research reissued a "buy" rating and issued a $37.00 price objective on shares of InvenTrust Properties in a report on Friday, August 28th. Wells Fargo & Company set a $34.00 target price on shares of InvenTrust Properties and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of InvenTrust Properties from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.57.

InvenTrust Properties Trading Up 3.1%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.73 and a current ratio of 1.01. The stock has a market capitalization of $2.42 billion, a P/E ratio of 83.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77. The firm's fifty day simple moving average is $31.00 and its 200 day simple moving average is $32.07.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.22. The business had revenue of $87.12 million for the quarter, compared to analysts' expectations of $84.18 million. InvenTrust Properties had a net margin of 8.68% and a return on equity of 1.61%. As a group, equities research analysts forecast that InvenTrust Properties Corp. will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. InvenTrust Properties's dividend payout ratio (DPR) is presently 500.00%.

Institutional Trading of InvenTrust Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of InvenTrust Properties by 24.9% during the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company's stock worth $235,438,000 after purchasing an additional 1,539,672 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in InvenTrust Properties by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,071,380 shares of the company's stock valued at $32,635,000 after buying an additional 80,985 shares during the last quarter. Wellington Management Group LLP boosted its position in InvenTrust Properties by 1,843.1% during the 2nd quarter. Wellington Management Group LLP now owns 647,037 shares of the company's stock worth $22,905,000 after buying an additional 613,738 shares during the period. Bank of New York Mellon Corp acquired a new stake in InvenTrust Properties during the 2nd quarter worth approximately $19,354,000. Finally, Adelante Capital Management LLC acquired a new stake in InvenTrust Properties during the 2nd quarter worth approximately $13,400,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. NYSE: IVT is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company's portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.