InvenTrust Properties Corp. (NYSE:IVT) Receives $33.60 Consensus Target Price from Analysts

Shares of InvenTrust Properties Corp. (NYSE:IVT) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.1667.

IVT has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research note on Wednesday, May 6th. KeyCorp assumed coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 price target for the company. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. Bank of America raised their price target on InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 20th.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of InvenTrust Properties by 24.9% in the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock valued at $235,438,000 after purchasing an additional 1,539,672 shares during the period. Centersquare Investment Management LLC grew its position in shares of InvenTrust Properties by 600.3% in the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after purchasing an additional 1,103,911 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in shares of InvenTrust Properties in the fourth quarter valued at $26,941,000. Hudson Bay Capital Management LP purchased a new stake in shares of InvenTrust Properties in the third quarter valued at $23,581,000. Finally, Vision Capital Corp boosted its holdings in InvenTrust Properties by 182.7% in the second 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 last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

NYSE IVT opened at $32.93 on Friday. InvenTrust Properties has a 1-year low of $26.52 and a 1-year high of $33.47. The company has a market capitalization of $2.57 billion, a P/E ratio of 23.35, a PEG ratio of 2.64 and a beta of 0.80. The business has a 50 day moving average price of $31.79 and a 200 day moving average price of $30.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data 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. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The firm had revenue of $82.58 million during the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Sell-side analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.0%. InvenTrust Properties’s dividend payout ratio (DPR) is 70.92%.

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.