Allstate Corp Buys Shares of 15,953 InvenTrust Properties Corp. $IVT

Allstate Corp bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) during the 4th quarter, Holdings Channel.com reports. The fund bought 15,953 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares in the last quarter. Global Retirement Partners LLC boosted its position in InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after acquiring an additional 621 shares in the last quarter. Avalon Trust Co bought a new stake in InvenTrust Properties during the 3rd quarter valued at $43,000. Danske Bank A S boosted its position in InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in InvenTrust Properties by 208.4% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,696 shares of the company’s stock valued at $49,000 after acquiring an additional 1,146 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IVT. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 20th. Bank of America raised their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp began coverage on InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InvenTrust Properties presently has an average rating of “Moderate Buy” and an average target price of $34.17.

InvenTrust Properties Stock Down 0.1%

InvenTrust Properties stock 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 stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.71 and a beta of 0.80. InvenTrust Properties Corp. has a 1-year low of $26.52 and a 1-year high of $33.47. The business has a fifty day moving average price of $31.77 and a 200-day moving average price of $30.19.

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

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.25 dividend. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. InvenTrust Properties’s dividend payout ratio (DPR) is 70.92%.

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.