Wells Fargo & Company Issues Positive Forecast for InvenTrust Properties (NYSE:IVT) Stock Price

InvenTrust Properties (NYSE:IVT) had its price target raised by analysts at Wells Fargo & Company from $33.00 to $34.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 7.75% from the company’s current price.

IVT has been the subject of a number of other research reports. Jefferies Financial Group reissued 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. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, KeyCorp assumed coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.33.

InvenTrust Properties Stock Down 0.5%

Shares of IVT traded down $0.15 during trading hours on Thursday, reaching $31.56. The company’s stock had a trading volume of 21,494 shares, compared to its average volume of 499,504. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 3.01 and a beta of 0.84. InvenTrust Properties has a 1-year low of $25.21 and a 1-year 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. The company has a 50 day moving average of $30.19 and a two-hundred day moving average of $29.08.

InvenTrust Properties (NYSE:IVT) last posted its quarterly 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 return on equity of 6.22% and a net margin of 37.24%.The company had revenue of $77.38 million during the quarter, compared to analysts’ expectations of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, research analysts predict that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

Institutional Investors Weigh In On InvenTrust Properties

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