Wells Fargo & Company Lowers InvenTrust Properties (NYSE:IVT) Price Target to $32.00

InvenTrust Properties (NYSE:IVT) had its target price lowered by equities research analysts at Wells Fargo & Company from $33.00 to $32.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 9.40% from the company’s previous close.

IVT has been the subject of a number of other reports. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research began coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Trading Down 0.6 %

Shares of NYSE IVT opened at $29.25 on Wednesday. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The firm has a market capitalization of $2.27 billion, a P/E ratio of 162.50, a P/E/G ratio of 3.34 and a beta of 0.96. 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 company’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $29.75.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, analysts predict that InvenTrust Properties will post 1.79 EPS for the current year.

Institutional Trading of InvenTrust Properties

Several hedge funds have recently bought and sold shares of IVT. Principal Financial Group Inc. increased its position in shares of InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after acquiring an additional 245,343 shares in the last quarter. Millennium Management LLC increased its holdings in InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock worth $74,039,000 after purchasing an additional 839,541 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of InvenTrust Properties by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock valued at $58,366,000 after purchasing an additional 120,014 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of InvenTrust Properties by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock valued at $38,507,000 after purchasing an additional 98,366 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of InvenTrust Properties by 35.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after buying an additional 315,380 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

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.