InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at BTIG Research

Equities researchers at BTIG Research initiated coverage on shares of InvenTrust Properties (NYSE:IVT) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $31.00 price target on the stock. BTIG Research’s price target suggests a potential upside of 11.53% from the stock’s previous close.

Several other analysts also recently issued reports on IVT. Wells Fargo & Company decreased their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

InvenTrust Properties Trading Up 0.7 %

NYSE:IVT opened at $27.80 on Monday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 154.44, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The business has a fifty day moving average price of $28.48 and a 200-day moving average price of $29.49. InvenTrust Properties has a one year low of $23.69 and a one year high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Sell-side analysts forecast that InvenTrust Properties will post 1.79 EPS for the current year.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd raised its position in InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock valued at $67,000 after acquiring an additional 332 shares in the last quarter. Allworth Financial LP raised its holdings in InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after purchasing an additional 383 shares during the period. NewEdge Advisors LLC boosted its position in InvenTrust Properties by 29.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock worth $62,000 after purchasing an additional 465 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in InvenTrust Properties by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after purchasing an additional 475 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock valued at $296,000 after buying an additional 682 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

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.