Wells Fargo & Company Forecasts Strong Price Appreciation for InvenTrust Properties (NYSE:IVT) Stock

Key Points

• Wells Fargo & Company has raised its price target for InvenTrust Properties (NYSE:IVT) from $32.00 to $34.00, indicating a potential upside of 14.83% from the stock's previous close.
• Shares of InvenTrust Properties recently opened at $29.61 with a market cap of $2.30 billion and a price-to-earnings ratio of 20.56.
• Institutional investors and hedge funds hold 61.70% of InvenTrust Properties stock, with several firms recently acquiring new positions in the company.

InvenTrust Properties (NYSE:IVT - Get Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $32.00 to $34.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 14.83% from the stock's previous close.

InvenTrust Properties Stock Up 0.7%

Shares of NYSE IVT opened at $29.61 on Wednesday. The stock's 50-day simple moving average is $27.65 and its 200-day simple moving average is $28.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $31.65. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.21 and a beta of 0.88.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in shares of InvenTrust Properties in the second quarter worth $26,000. Avalon Trust Co acquired a new position in shares of InvenTrust Properties in the first quarter worth $36,000. Heritage Wealth Advisors acquired a new position in shares of InvenTrust Properties in the second quarter worth $34,000. EverSource Wealth Advisors LLC increased its stake in shares of InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $38,000 after acquiring an additional 418 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties in the fourth quarter worth $42,000. 61.70% of the stock is owned by institutional investors and hedge funds.

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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