InvenTrust Properties (NYSE:IVT) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of InvenTrust Properties (NYSE:IVT) to a strong-buy rating in a research report report published on Friday morning,Zacks.com reports.

A number of other analysts have also weighed in on IVT. JPMorgan Chase & Co. increased their target price on shares of 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 raised InvenTrust Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. KeyCorp initiated coverage on shares of InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, BTIG Research reiterated a “buy” rating and set a $37.00 price target on shares of InvenTrust Properties in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $34.57.

InvenTrust Properties Trading Up 0.9%

NYSE:IVT opened at $36.20 on Friday. The company has a fifty day moving average of $33.09 and a 200 day moving average of $31.06. InvenTrust Properties has a 52 week low of $26.52 and a 52 week high of $36.27. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.82 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.94 and a beta of 0.80.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $82.58 million during the quarter, compared to analysts’ expectations 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, research analysts predict that InvenTrust Properties will post 1.99 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio is presently 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings 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 buying an additional 1,539,672 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of InvenTrust Properties by 600.3% in the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after buying an additional 1,103,911 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of InvenTrust Properties in the 4th quarter worth about $26,941,000. Hudson Bay Capital Management LP bought a new position in shares of InvenTrust Properties in the 3rd quarter worth about $23,581,000. Finally, Vision Capital Corp lifted its position in InvenTrust Properties by 182.7% during the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock valued at $27,112,000 after acquiring an additional 639,472 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.