InvenTrust Properties Corp. (IVT) to Issue Quarterly Dividend of $0.24 on January 15th

InvenTrust Properties Corp. (NYSE:IVT) announced a quarterly dividend on Monday, December 15th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.2377 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, December 30th.

InvenTrust Properties has a payout ratio of 296.9% meaning 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 $0.95 annual dividend with an expected future payout ratio of 50.3%.

InvenTrust Properties Trading Down 0.6%

Shares of InvenTrust Properties stock opened at $28.55 on Friday. The company’s 50-day moving average price is $28.28 and its 200-day moving average price is $28.22. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a 12-month low of $25.21 and a 12-month high of $31.04. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 3.12 and a beta of 0.85.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.37). InvenTrust Properties had a return on equity of 6.65% and a net margin of 40.46%.The firm had revenue of $74.47 million for the quarter, compared to the consensus estimate of $73.57 million. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts expect that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Trading of InvenTrust Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in InvenTrust Properties by 1.3% during the third quarter. Principal Financial Group Inc. now owns 4,732,791 shares of the company’s stock valued at $135,453,000 after acquiring an additional 60,395 shares during the last quarter. Millennium Management LLC grew its holdings in shares of InvenTrust Properties by 6.8% during the 1st quarter. Millennium Management LLC now owns 2,624,186 shares of the company’s stock valued at $77,072,000 after purchasing an additional 166,881 shares during the last quarter. Vision Capital Corp raised its position in InvenTrust Properties by 11.8% in the 3rd quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock worth $31,650,000 after purchasing an additional 116,402 shares during the period. Dimensional Fund Advisors LP raised its position in InvenTrust Properties by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,008,310 shares of the company’s stock worth $28,858,000 after purchasing an additional 49,336 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in InvenTrust Properties by 111.1% in the second quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company’s stock worth $26,528,000 after purchasing an additional 509,518 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.