Wells Fargo & Company Raises InvenTrust Properties (NYSE:IVT) Price Target to $34.00

InvenTrust Properties (NYSE:IVT) had its price target raised by investment analysts at Wells Fargo & Company from $33.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 11.10% from the stock’s previous close.

Several other equities research analysts have also commented on IVT. KeyCorp initiated coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They set an “overweight” rating and a $35.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and set a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $30.60 on Thursday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 2.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.17. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $32.63. The company’s 50 day simple moving average is $30.27 and its 200-day simple moving average is $29.11.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.42). InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. The business had revenue of $77.38 million during the quarter, compared to analysts’ expectations of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, equities research analysts expect that InvenTrust Properties will post 1.79 earnings per share for the current year.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently modified their holdings of IVT. Comerica Bank boosted its position in InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock worth $66,000 after acquiring an additional 1,001 shares during the last quarter. Amundi raised its position in InvenTrust Properties by 9.8% in the first quarter. Amundi now owns 45,205 shares of the company’s stock valued at $1,268,000 after purchasing an additional 4,018 shares during the period. AQR Capital Management LLC lifted its position in InvenTrust Properties by 29.3% during the 1st quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock worth $302,000 after acquiring an additional 2,331 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $1,355,000 after purchasing an additional 2,014 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in 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 buying an additional 276,474 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

About InvenTrust Properties

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.