InvenTrust Properties (NYSE:IVT) Announces Earnings Results, Misses Estimates By $0.42 EPS

InvenTrust Properties (NYSE:IVT) announced its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.42), FiscalAI reports. The business had revenue of $77.38 million for the quarter, compared to analysts’ expectations of $76.23 million. InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%.

InvenTrust Properties Stock Up 1.3%

NYSE IVT traded up $0.39 during trading hours on Tuesday, hitting $30.63. 509,316 shares of the company were exchanged, compared to its average volume of 493,321. InvenTrust Properties has a 52-week low of $25.21 and a 52-week high of $31.04. The company has a 50 day moving average of $28.86 and a two-hundred day moving average of $28.56. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 3.19 and a beta of 0.86.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were paid a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 30th. InvenTrust Properties’s payout ratio is presently 62.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IVT. JPMorgan Chase & Co. assumed coverage on InvenTrust Properties in a report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price objective on the stock. Wells Fargo & Company initiated coverage on InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price target for the company. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.60.

Institutional Trading of InvenTrust Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares in the last quarter. Amundi boosted its position 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 purchasing an additional 4,018 shares during the period. AQR Capital Management LLC grew its stake in InvenTrust Properties by 29.3% during the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in InvenTrust Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock valued at $1,355,000 after buying an additional 2,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 276,474 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.