InvenTrust Properties (NYSE:IVT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of InvenTrust Properties (NYSE:IVT) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities research analysts have also commented on the company. Wells Fargo & Company upped their price target on InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. KeyCorp started coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

InvenTrust Properties Stock Up 1.7%

Shares of NYSE IVT opened at $32.65 on Friday. InvenTrust Properties has a 52-week low of $26.52 and a 52-week high of $32.70. The firm has a fifty day moving average of $31.05 and a 200-day moving average of $29.35. The stock has a market capitalization of $2.54 billion, a PE ratio of 22.83, a P/E/G ratio of 3.06 and a beta of 0.83. 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 released its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.42). InvenTrust Properties had a return on equity of 6.22% and a net margin of 37.24%.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. On average, analysts anticipate 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 was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.25 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, March 31st. InvenTrust Properties’s payout ratio is presently 69.93%.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds and other institutional investors have recently bought and sold shares of IVT. Comerica Bank raised its stake in shares of InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares during the period. Amundi boosted its stake in shares of InvenTrust Properties by 9.8% in the first 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 boosted its position in InvenTrust Properties by 29.3% in the 1st quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock valued at $302,000 after buying an additional 2,331 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in InvenTrust Properties by 4.6% in the 1st 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. grew its stake in shares of InvenTrust Properties by 66.0% during 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 in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

About InvenTrust Properties

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.