InvenTrust Properties (NYSE:IVT) Stock Rating Upgraded by Wall Street Zen

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 to clients and investors on Saturday.

Other research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of InvenTrust Properties from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, June 17th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. Bank of America increased their price objective on shares of InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Finally, BTIG Research reissued a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $34.57.

InvenTrust Properties Price Performance

IVT opened at $36.20 on Friday. InvenTrust Properties has a 12-month low of $26.52 and a 12-month high of $36.27. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $33.09 and its 200-day simple moving average is $31.06. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.94 and a beta of 0.80.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that InvenTrust Properties will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of InvenTrust Properties

Hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new stake in InvenTrust Properties during the 3rd quarter worth approximately $23,581,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of InvenTrust Properties by 1,756.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock worth $3,465,000 after buying an additional 116,226 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth $26,941,000. Vision Capital Corp lifted its stake in shares of InvenTrust Properties by 11.8% during the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock worth $31,650,000 after buying an additional 116,402 shares during the period. Finally, UBS Group AG lifted its stake in shares of InvenTrust Properties by 265.8% during the fourth quarter. UBS Group AG now owns 216,948 shares of the company’s stock worth $6,120,000 after buying an additional 157,633 shares during the period. 61.70% of the stock is owned by hedge funds and other 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.