InvenTrust Properties (NYSE:IVT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of InvenTrust Properties (NYSE:IVT) from a sell rating to a hold rating in a report published on Monday morning.

Several other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 target price (up from $32.00) on shares of InvenTrust Properties in a research note on Monday, December 15th. Wells Fargo & Company boosted their price target on InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, KeyCorp assumed coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.33.

InvenTrust Properties Stock Up 1.1%

IVT stock opened at $30.93 on Monday. The stock has a market cap of $2.40 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.90 and a beta of 0.84. The firm’s 50-day simple moving average is $30.32 and its 200 day simple moving average is $29.11. InvenTrust Properties has a fifty-two week low of $25.21 and a fifty-two week high of $32.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.46.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.42). InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. The firm had revenue of $77.38 million for the quarter, compared to analyst estimates of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, sell-side analysts predict that InvenTrust Properties will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 31st. InvenTrust Properties’s payout ratio is 69.93%.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. Loomis Sayles & Co. L P bought a new position in InvenTrust Properties during the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in shares of InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares during the period. Global Retirement Partners LLC raised its stake in shares of InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after buying an additional 621 shares in the last quarter. Avalon Trust Co bought a new stake in shares of InvenTrust Properties in the 3rd quarter worth $43,000. Finally, Danske Bank A S lifted its holdings in shares of InvenTrust Properties by 220.0% in the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares during the period. Institutional investors 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.