InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of InvenTrust Properties (NYSE:IVT) in a report published on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $33.00 price target on the stock.

A number of other equities research analysts have also issued reports on IVT. Compass Point increased their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

InvenTrust Properties Trading Up 1.2 %

NYSE:IVT opened at $30.89 on Tuesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 343.15, a PEG ratio of 3.63 and a beta of 0.97. The company’s 50 day moving average price is $29.54 and its 200-day moving average price is $27.33. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $31.37.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The business had revenue of $68.52 million for the quarter. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that InvenTrust Properties will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.93%. InvenTrust Properties’s payout ratio is 1,011.22%.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds have recently modified their holdings of IVT. Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties during the third quarter worth $27,000. Creekmur Asset Management LLC grew its holdings in InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of InvenTrust Properties in the second quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. grew its stake in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares during the period. Finally, Beacon Capital Management LLC lifted its stake in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.