InvenTrust Properties (NYSE:IVT – Get Free Report) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a $33.00 price target on the stock, up from their prior price target of $30.00. Bank of America‘s price target would indicate a potential upside of 15.71% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on IVT. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th.
Get Our Latest Research Report on InvenTrust Properties
InvenTrust Properties Trading Down 1.3 %
Hedge Funds Weigh In On InvenTrust Properties
Several hedge funds and other institutional investors have recently modified their holdings of IVT. Hantz Financial Services Inc. acquired a new stake in InvenTrust Properties in the 2nd quarter valued at about $57,000. Beacon Capital Management LLC lifted its position in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after buying an additional 693 shares in the last quarter. EntryPoint Capital LLC boosted its stake in InvenTrust Properties by 899.3% during the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after buying an additional 3,669 shares during the last quarter. Global Financial Private Client LLC grew its holdings in InvenTrust Properties by 20.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock valued at $148,000 after buying an additional 1,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of InvenTrust Properties by 4,944.5% in the 1st quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock worth $189,000 after acquiring an additional 7,219 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than InvenTrust Properties
- Russell 2000 Index, How Investors Use it For Profitable Trading
- NuScale Power Soars 270% – Analysts Forecasts More Gains Ahead
- The Role Economic Reports Play in a Successful Investment Strategy
- Harness the Power of Dividend ETFs for Steady Income Growth
- Investing In Preferred Stock vs. Common Stock
- Energy Sector Rebound: 3 Stocks Poised for Strong Gains
Receive News & Ratings for InvenTrust Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenTrust Properties and related companies with MarketBeat.com's FREE daily email newsletter.