InvenTrust Properties (NYSE:IVT) Sets New 52-Week High – Here’s What Happened

InvenTrust Properties Corp. (NYSE:IVT) hit a new 52-week high on Friday . The company traded as high as $33.49 and last traded at $33.3940, with a volume of 68373 shares trading hands. The stock had previously closed at $32.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wells Fargo & Company reaffirmed 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. KeyCorp assumed coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 price objective for the company. Weiss Ratings cut InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.17.

InvenTrust Properties Price Performance

The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.74 and a beta of 0.80. 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 50 day moving average of $31.98 and a 200 day moving average of $30.37.

InvenTrust Properties (NYSE:IVT) last released 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. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC acquired a new position in InvenTrust Properties during the 1st quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC grew its stake in InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after purchasing an additional 621 shares in the last quarter. Avalon Trust Co acquired a new position in shares of InvenTrust Properties during the 3rd quarter worth about $43,000. Finally, Danske Bank A S boosted its position in shares of InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

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.