InvenTrust Properties Corp. (IVT) to Issue Quarterly Dividend of $0.25 on July 15th

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.25 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 30th.

InvenTrust Properties has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. InvenTrust Properties has a dividend payout ratio of 312.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect InvenTrust Properties to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 47.8%.

InvenTrust Properties Trading Down 0.2%

Shares of IVT opened at $34.54 on Wednesday. InvenTrust Properties has a 1 year low of $26.52 and a 1 year high of $36.15. 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 stock has a 50 day simple moving average of $32.55 and a 200-day simple moving average of $30.71. The stock has a market cap of $2.69 billion, a PE ratio of 24.50, a PEG ratio of 2.83 and a beta of 0.80.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 business 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, sell-side analysts predict that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on IVT shares. Weiss Ratings cut InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. BTIG Research reiterated a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research report on Friday. KeyCorp started coverage on InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Bank of America increased their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.57.

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.