InvenTrust Properties Corp. (NYSE:IVT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.80.

Several research firms have recently issued reports on IVT. Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a “peer perform” rating for the company. BTIG Research assumed coverage on InvenTrust Properties in a report on Monday, April 28th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Wells Fargo & Company cut their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th.

InvenTrust Properties Stock Performance

Shares of NYSE IVT opened at $27.82 on Tuesday. The business’s 50-day moving average price is $27.79 and its two-hundred day moving average price is $28.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties has a one year low of $24.13 and a one year high of $31.65. The company has a market capitalization of $2.16 billion, a P/E ratio of 154.57, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $30,620,000. Millennium Management LLC grew its holdings in shares of InvenTrust Properties by 51.9% in the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after acquiring an additional 839,541 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of InvenTrust Properties by 443.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company’s stock valued at $17,235,000 after acquiring an additional 478,887 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of InvenTrust Properties by 35.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock valued at $35,966,000 after acquiring an additional 315,380 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of InvenTrust Properties by 66.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock valued at $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. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.