InvenTrust Properties (NYSE:IVT) Sees Unusually-High Trading Volume – What’s Next?
by Michael Walen · The Markets DailyInvenTrust Properties Corp. (NYSE:IVT – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,680,214 shares were traded during trading, an increase of 237% from the previous session’s volume of 499,261 shares.The stock last traded at $34.12 and had previously closed at $33.45.
Wall Street Analysts Forecast Growth
IVT has been the topic of several recent research reports. Bank of America boosted their target price on InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. Finally, Weiss Ratings cut InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.17.
Read Our Latest Stock Report on IVT
InvenTrust Properties Trading Up 2.6%
The stock has a market cap of $2.68 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The company’s 50-day moving average price is $31.98 and its 200 day moving average price is $30.38.
InvenTrust Properties (NYSE:IVT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.99 EPS for the current fiscal year.
InvenTrust Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio is presently 70.92%.
Institutional Trading of InvenTrust Properties
Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of InvenTrust Properties by 24.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock valued at $52,000 after buying an additional 332 shares during the period. Amundi raised its position in InvenTrust Properties by 0.9% in the first quarter. Amundi now owns 44,139 shares of the company’s stock valued at $1,344,000 after purchasing an additional 392 shares during the period. EverSource Wealth Advisors LLC raised its position in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares during the period. Lazard Asset Management LLC raised its position in InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after purchasing an additional 465 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in InvenTrust Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors 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.