InvenTrust Properties (IVT) Expected to Announce Quarterly Earnings on Tuesday

InvenTrust Properties (NYSE:IVT) will likely be releasing its earnings data after the market closes on Tuesday, February 11th. Analysts expect InvenTrust Properties to post earnings of $0.04 per share and revenue of $69.69 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

InvenTrust Properties Stock Up 1.2 %

Shares of IVT opened at $30.17 on Monday. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $29.46. The firm has a market cap of $2.33 billion, a P/E ratio of 335.26, a P/E/G ratio of 3.28 and a beta of 0.96.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th. InvenTrust Properties’s payout ratio is presently 1,011.22%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.