InvenTrust Properties (NYSE:IVT) Downgraded by Wall Street Zen to Sell

InvenTrust Properties (NYSE:IVT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a research note on Tuesday, May 26th. Bank of America increased their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. BTIG Research reissued a “buy” rating and set a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. upped their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $34.71.

InvenTrust Properties Stock Up 0.0%

NYSE IVT opened at $36.72 on Friday. The stock has a 50 day moving average price of $34.11 and a 200-day moving average price of $31.79. InvenTrust Properties has a one year low of $26.81 and a one year high of $37.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $2.86 billion, a P/E ratio of 26.04, a P/E/G ratio of 3.00 and a beta of 0.78.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million for the quarter, compared to analysts’ expectations 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 analysts predict that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

Institutional Trading of InvenTrust Properties

Several institutional investors have recently added to or reduced their stakes in IVT. NewEdge Advisors LLC grew its holdings in shares of InvenTrust Properties by 24.0% in the first quarter. NewEdge Advisors LLC now owns 1,717 shares of the company’s stock worth $52,000 after purchasing an additional 332 shares during the last quarter. Amundi increased its position in shares of InvenTrust Properties by 0.9% during the first quarter. Amundi now owns 44,139 shares of the company’s stock worth $1,344,000 after acquiring an additional 392 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of InvenTrust Properties by 44.0% during the second 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. Lazard Asset Management LLC boosted its holdings in shares of InvenTrust Properties by 1.0% in the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock valued at $1,298,000 after purchasing an additional 465 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of InvenTrust Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,269 shares of the company’s stock valued at $64,000 after purchasing an additional 570 shares during the period. Institutional investors 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.