InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) declared a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.25 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a 5.2% increase from InvenTrust Properties’s previous quarterly dividend of $0.24.
InvenTrust Properties has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. InvenTrust Properties has a dividend payout ratio of 312.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 52.9%.
InvenTrust Properties Stock Down 0.1%
IVT stock opened at $30.46 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $2.37 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. InvenTrust Properties has a one year low of $25.21 and a one year high of $32.63. The company has a fifty day moving average of $30.46 and a 200-day moving average of $29.14.
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.
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