Wolfe Research Initiates Coverage on InvenTrust Properties (NYSE:IVT)

Analysts at Wolfe Research initiated coverage on shares of InvenTrust Properties (NYSE:IVT) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “peer perform” rating on the stock.

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

InvenTrust Properties Stock Down 1.3 %

Shares of IVT opened at $28.59 on Thursday. The firm has a market cap of $2.21 billion, a PE ratio of 158.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The company’s fifty day moving average is $29.50 and its two-hundred day moving average is $29.74. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

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%. Analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current year.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors have recently modified their holdings of IVT. Millennium Management LLC grew its position in shares of InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock valued at $74,039,000 after buying an additional 839,541 shares during the last quarter. Principal Financial Group Inc. boosted its stake in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after purchasing an additional 738,784 shares during the period. FMR LLC boosted its stake in InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the period. Zimmer Partners LP acquired a new position in InvenTrust Properties during the 3rd quarter valued at about $14,185,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in InvenTrust Properties by 425.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock valued at $13,132,000 after purchasing an additional 374,804 shares during the period. Institutional investors own 61.70% of the company’s stock.

About InvenTrust Properties

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.