InvenTrust Properties Corp. (NYSE:IVT) to Issue $0.24 Quarterly Dividend

by · The Cerbat Gem

InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) 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 is Tuesday, December 30th.

InvenTrust Properties has a payout ratio of 296.9% 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 research 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 0.4%

NYSE IVT traded down $0.13 during trading hours on Tuesday, hitting $28.91. The company’s stock had a trading volume of 88,207 shares, compared to its average volume of 449,941. The stock has a fifty day moving average of $28.08 and a 200 day moving average of $28.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a twelve month low of $25.21 and a twelve month high of $31.31. The firm has a market capitalization of $2.24 billion, a P/E ratio of 18.89, a PEG ratio of 3.17 and a beta of 0.85.

InvenTrust Properties (NYSE:IVT – Get Free Report) last posted its quarterly 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). The company had revenue of $74.47 million during the quarter, compared to analyst estimates of $73.57 million. InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. Equities research analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of IVT. Loomis Sayles & Co. L P acquired a new stake in shares of InvenTrust Properties in the 2nd quarter worth about $26,000. Heritage Wealth Advisors bought a new stake in InvenTrust Properties during the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 418 shares during the last quarter. Quaker Wealth Management LLC boosted its position in shares of InvenTrust Properties by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after buying an additional 2,894 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in InvenTrust Properties during the third quarter worth $43,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Company Profile

(Get Free Report)

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.

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