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 target increased by stock analysts at Wells Fargo & Company from $32.00 to $34.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 14.34% from the stock's current price.

InvenTrust Properties Price Performance

IVT traded down $0.06 during trading hours on Wednesday, hitting $29.74. The company's stock had a trading volume of 398,842 shares, compared to its average volume of 370,071. The business's 50-day moving average price is $27.76 and its 200-day moving average price is $28.12. InvenTrust Properties has a 12 month low of $25.21 and a 12 month high of $31.65. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 3.25 and a beta of 0.88. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently bought and sold shares of IVT. Loomis Sayles & Co. L P bought a new stake in InvenTrust Properties in the second quarter worth $26,000. Heritage Wealth Advisors purchased a new stake in shares of InvenTrust Properties in the second quarter valued at $34,000. Avalon Trust Co purchased a new stake in shares of InvenTrust Properties in the first quarter valued at $36,000. EverSource Wealth Advisors LLC raised 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 valued at $38,000 after acquiring an additional 418 shares during the period. Finally, Quaker Wealth Management LLC raised its stake in shares of InvenTrust Properties by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company's stock valued at $40,000 after acquiring an additional 2,894 shares during the period. Institutional investors own 61.70% of the company's stock.

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.