Wall Street Zen Upgrades InvenTrust Properties (NYSE:IVT) to “Hold”

InvenTrust Properties (NYSE:IVT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms have also issued reports on IVT. Truist Financial set a $32.00 price target on InvenTrust Properties and gave the company a “hold” rating in a research report on Thursday, October 1st. BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a research report on Friday, August 28th. Wells Fargo & Company set a $34.00 price target on InvenTrust Properties and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of InvenTrust Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.57.

InvenTrust Properties Trading Down 0.1%

NYSE IVT opened at $30.94 on Friday. InvenTrust Properties has a twelve month low of $26.81 and a twelve month high of $37.22. The stock’s 50 day moving average is $30.96 and its 200 day moving average is $32.08. The firm has a market capitalization of $2.41 billion, a PE ratio of 83.62, a P/E/G ratio of 2.52 and a beta of 0.77. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.58.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.03 by $0.22. InvenTrust Properties had a net margin of 8.68% and a return on equity of 1.61%. The firm had revenue of $87.12 million for the quarter, compared to the consensus estimate of $84.18 million. Research analysts forecast that InvenTrust Properties will post 1.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds have recently bought and sold shares of IVT. NewEdge Advisors LLC increased its position in shares of InvenTrust Properties by 24.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock valued at $52,000 after purchasing an additional 332 shares during the last quarter. Choreo LLC boosted its stake in shares of InvenTrust Properties by 2.9% in the 3rd quarter. Choreo LLC now owns 13,865 shares of the company’s stock worth $418,000 after buying an additional 391 shares during the last quarter. Amundi grew its position in shares of InvenTrust Properties by 0.9% during the 1st 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 period. Integrated Wealth Concepts LLC boosted its position in shares of InvenTrust Properties by 4.6% in the second quarter. Integrated Wealth Concepts LLC now owns 10,588 shares of the company’s stock worth $375,000 after purchasing an additional 462 shares during the period. Finally, Versant Capital Management Inc grew its holdings in InvenTrust Properties by 37.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,078 shares of the company’s stock valued at $63,000 after buying an additional 565 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

About InvenTrust Properties

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.