InvenTrust Properties (NYSE:IVT) Hits New 1-Year High – Still a Buy?

InvenTrust Properties Corp. (NYSE:IVT)’s share price hit a new 52-week high on Thursday . The stock traded as high as $36.37 and last traded at $36.36, with a volume of 80508 shares trading hands. The stock had previously closed at $35.33.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IVT shares. Bank of America increased their target price on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Wall Street Zen raised InvenTrust Properties from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group raised shares of InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $34.71.

InvenTrust Properties Stock Up 3.1%

The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.91 and a beta of 0.78. 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 stock’s fifty day simple moving average is $33.90 and its two-hundred day simple moving average is $31.70.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The business had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. InvenTrust Properties’s payout ratio is currently 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. Comerica Bank lifted its holdings in shares of InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. Amundi grew its holdings in shares of InvenTrust Properties by 9.8% during the first quarter. Amundi now owns 45,205 shares of the company’s stock valued at $1,268,000 after buying an additional 4,018 shares in the last quarter. AQR Capital Management LLC raised its position in InvenTrust Properties by 29.3% during the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock valued at $302,000 after buying an additional 2,331 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in InvenTrust Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock valued at $1,355,000 after buying an additional 2,014 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 276,474 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.