InvenTrust Properties (NYSE:IVT) Reaches New 12-Month High – Should You Buy?

by · The Cerbat Gem

InvenTrust Properties Corp. (NYSE:IVTGet Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $32.99 and last traded at $32.6170, with a volume of 31283 shares. The stock had previously closed at $32.18.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Wall Street Zen upgraded shares of InvenTrust Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, KeyCorp initiated coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, InvenTrust Properties has a consensus rating of “Moderate Buy” and an average price target of $32.33.

Get Our Latest Stock Analysis on InvenTrust Properties

InvenTrust Properties Price Performance

The stock’s 50-day simple moving average is $31.17 and its two-hundred day simple moving average is $29.43. The firm has a market cap of $2.54 billion, a P/E ratio of 22.86, a PEG ratio of 3.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17.

InvenTrust Properties (NYSE:IVTGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.42). InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. The firm had revenue of $77.38 million during the quarter, compared to the consensus estimate of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. Equities research analysts forecast that InvenTrust Properties Corp. will post 1.96 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.1%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio is currently 69.93%.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds have recently added to or reduced their stakes in IVT. EverSource Wealth Advisors LLC raised its position in InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares in the last quarter. Global Retirement Partners LLC grew its holdings in InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after purchasing an additional 621 shares during the period. Avalon Trust Co purchased a new position in shares of InvenTrust Properties during the 3rd quarter valued at approximately $43,000. Danske Bank A S grew its position in shares of InvenTrust Properties by 220.0% in the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in shares of InvenTrust Properties during the fourth quarter valued at approximately $47,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Company Profile

(Get Free Report)

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.

Further Reading