InvenTrust Properties (NYSE:IVT) Reaches New 1-Year High – What’s Next?

InvenTrust Properties Corp. (NYSE:IVT) reached a new 52-week high on Thursday . The company traded as high as $35.50 and last traded at $34.7560, with a volume of 1330617 shares. The stock had previously closed at $34.68.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVT. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. KeyCorp began coverage on InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target for the company. Bank of America upped their price target 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. upped their price target on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings cut InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, InvenTrust Properties has a consensus rating of “Moderate Buy” and an average target price of $34.17.

InvenTrust Properties Stock Performance

The company has a market capitalization of $2.71 billion, a PE ratio of 24.65, a PEG ratio of 2.84 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 has a 50 day moving average price of $32.22 and a 200 day moving average price of $30.53.

InvenTrust Properties (NYSE:IVT) last released its 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 company had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Equities analysts forecast that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.25 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 24.9% during the 1st quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock valued at $235,438,000 after acquiring an additional 1,539,672 shares in the last quarter. Millennium Management LLC raised its position in shares of InvenTrust Properties by 40.8% during the 4th quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after acquiring an additional 553,184 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of InvenTrust Properties by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock valued at $38,943,000 after acquiring an additional 12,176 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of InvenTrust Properties by 600.3% during the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after acquiring an additional 1,103,911 shares in the last quarter. Finally, Vision Capital Corp raised its position in shares of InvenTrust Properties by 11.8% during the 3rd quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after acquiring an additional 116,402 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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.