InvenTrust Properties (NYSE:IVT) Given New $37.00 Price Target at Bank of America

InvenTrust Properties (NYSE:IVT) had its price target boosted by Bank of America from $36.00 to $37.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a research note on Tuesday. Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research note on Wednesday, May 6th. KeyCorp assumed coverage on shares of InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.17.

InvenTrust Properties Trading Down 0.1%

NYSE:IVT opened at $33.19 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a 50-day moving average of $31.77 and a 200-day moving average of $30.19. The company has a market cap of $2.59 billion, a PE ratio of 23.54, a PEG ratio of 2.72 and a beta of 0.80. InvenTrust Properties has a one year low of $26.52 and a one year high of $33.47.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities research analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.25 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. InvenTrust Properties’s payout ratio is presently 70.92%.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in InvenTrust Properties by 24.9% during the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock valued at $235,438,000 after purchasing an additional 1,539,672 shares during the period. Millennium Management LLC grew its holdings in InvenTrust Properties by 40.8% during the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock valued at $53,885,000 after purchasing an additional 553,184 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in InvenTrust Properties by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock valued at $38,943,000 after purchasing an additional 12,176 shares during the period. Centersquare Investment Management LLC grew its holdings in InvenTrust Properties by 600.3% during the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock valued at $36,329,000 after purchasing an additional 1,103,911 shares during the period. Finally, Vision Capital Corp grew its holdings in InvenTrust Properties by 11.8% during the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock valued at $31,650,000 after purchasing an additional 116,402 shares during the period. 61.70% of the stock is owned by institutional investors.

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.