InvenTrust Properties (NYSE:IVT) Price Target Lowered to $32.00 at Wells Fargo & Company

InvenTrust Properties (NYSE:IVT) had its target price lowered by research analysts at Wells Fargo & Company from $33.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.42% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating for the company. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $29.25 on Wednesday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 162.47, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock’s 50-day moving average is $29.52 and its 200-day moving average is $29.74.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Equities analysts anticipate that InvenTrust Properties will post 1.79 earnings per share for the current year.

Institutional Trading of InvenTrust Properties

Several large investors have recently modified their holdings of IVT. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the fourth quarter valued at about $27,000. GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at approximately $42,000. Bernard Wealth Management Corp. purchased a new position in shares of InvenTrust Properties during the 4th quarter valued at approximately $50,000. Quarry LP acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp increased its stake in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after buying an additional 1,026 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

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.