InvenTrust Properties (NYSE:IVT) Issues Quarterly Earnings Results

InvenTrust Properties (NYSE:IVT) issued its earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.22, FiscalAI reports. InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%. The company had revenue of $87.12 million for the quarter, compared to analyst estimates of $84.18 million.

InvenTrust Properties Price Performance

IVT traded up $0.23 during midday trading on Tuesday, reaching $30.32. 743,784 shares of the company’s stock were exchanged, compared to its average volume of 674,762. InvenTrust Properties has a 1-year low of $26.81 and a 1-year high of $37.22. The stock has a market capitalization of $2.36 billion, a PE ratio of 151.59, a P/E/G ratio of 2.45 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The business’s 50-day moving average price is $31.17 and its 200 day moving average price is $32.04.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.3%. InvenTrust Properties’s payout ratio is presently 500.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on IVT. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a report on Friday, August 28th. Bank of America raised their price objective on InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings downgraded InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company set a $34.00 price objective on InvenTrust Properties and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.57.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (NYSE: IVT) is a self-managed real estate investment trust that owns, leases and manages open-air, grocery-anchored shopping centers. Its properties are generally focused on necessity-based retail, including grocery stores, restaurants, health and wellness providers, and other service-oriented businesses.

The company’s portfolio is concentrated in high-growth markets across the Sun Belt region of the United States, including communities in the Southeast, Southwest and Texas.