InvenTrust Properties (NYSE:IVT) Reaches New 12-Month High – Should You Buy?

InvenTrust Properties Corp. (NYSE:IVT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $33.25 and last traded at $33.18, with a volume of 11335 shares trading hands. The stock had previously closed at $32.89.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IVT shares. JPMorgan Chase & Co. boosted their price target 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. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, May 20th. Finally, KeyCorp assumed coverage on InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.60.

InvenTrust Properties Trading Up 0.5%

The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.69 and a beta of 0.80. The company has a fifty day moving average price of $31.65 and a 200-day moving average price of $30.05. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) 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 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. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. 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. InvenTrust Properties’s payout ratio is currently 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

A number of large investors have recently bought and sold shares of IVT. Amundi raised its holdings in shares of InvenTrust Properties by 0.9% during the first quarter. Amundi now owns 44,139 shares of the company’s stock valued at $1,344,000 after acquiring an additional 392 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after purchasing an additional 465 shares in the last quarter. Gallacher Capital Management LLC grew its position in shares of InvenTrust Properties by 6.1% in the third quarter. Gallacher Capital Management LLC now owns 8,747 shares of the company’s stock valued at $250,000 after purchasing an additional 500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of InvenTrust Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 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 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.