Jefferies Financial Group Upgrades InvenTrust Properties (NYSE:IVT) to Strong-Buy

InvenTrust Properties (NYSE:IVT) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. Bank of America raised their target price on shares of InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised shares of InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, InvenTrust Properties currently has an average rating of “Buy” and an average target price of $34.57.

InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock opened at $36.20 on Friday. The stock’s fifty day simple moving average is $33.09 and its 200 day simple moving average is $31.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.82 billion, a PE ratio of 25.67, a PEG ratio of 2.94 and a beta of 0.80. InvenTrust Properties has a 12 month low of $26.52 and a 12 month high of $36.27.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, research analysts predict that InvenTrust Properties will post 1.99 EPS for the current year.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of IVT. Principal Financial Group Inc. boosted its position in InvenTrust Properties by 24.9% during the 1st quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock worth $235,438,000 after acquiring an additional 1,539,672 shares during the last quarter. Millennium Management LLC raised its holdings in shares of InvenTrust Properties by 40.8% in the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after purchasing an additional 553,184 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of InvenTrust Properties by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock worth $38,943,000 after purchasing an additional 12,176 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of InvenTrust Properties by 600.3% in the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after purchasing an additional 1,103,911 shares in the last quarter. Finally, Vision Capital Corp boosted its holdings in InvenTrust Properties by 11.8% during the third 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 last quarter. Institutional investors and hedge funds 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.