InvenTrust Properties (NYSE:IVT) Upgraded by Wells Fargo & Company to Strong-Buy Rating

InvenTrust Properties (NYSE:IVT) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 15th. Bank of America boosted their price objective on shares of InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. increased their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised shares of InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. Finally, BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of InvenTrust Properties in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $35.14.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $36.42 on Thursday. 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 simple moving average is $34.61 and its 200-day simple moving average is $32.07. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.93 and a beta of 0.78.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to analyst estimates 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 anticipate that InvenTrust Properties will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of InvenTrust Properties

Hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its stake in InvenTrust Properties by 80.5% during the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares during the period. Amundi boosted its position in shares of InvenTrust Properties by 9.8% during the first quarter. Amundi now owns 45,205 shares of the company’s stock worth $1,268,000 after buying an additional 4,018 shares during the period. AQR Capital Management LLC boosted its position in shares of InvenTrust Properties by 29.3% during the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock worth $302,000 after buying an additional 2,331 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in InvenTrust Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock worth $1,355,000 after buying an additional 2,014 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in InvenTrust Properties by 66.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after buying an additional 276,474 shares in the last quarter. 61.70% of the stock is currently owned by 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.