InvenTrust Properties (NYSE:IVT) Research Coverage Started at Wolfe Research

Wolfe Research started coverage on shares of InvenTrust Properties (NYSE:IVT) in a research note published on Thursday, MarketBeat.com reports. The brokerage issued a peer perform rating on the stock.

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

InvenTrust Properties Price Performance

NYSE IVT opened at $28.59 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $29.50 and a 200 day simple moving average of $29.75. The company has a market cap of $2.21 billion, a P/E ratio of 158.81, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $31.65.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, sell-side analysts predict that InvenTrust Properties will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.32%. InvenTrust Properties’s dividend payout ratio is currently 527.78%.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in shares of InvenTrust Properties by 12.3% in the 4th quarter. California State Teachers Retirement System now owns 72,142 shares of the company’s stock valued at $2,174,000 after buying an additional 7,908 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at $74,000. Ameriflex Group Inc. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at $60,000. GF Fund Management CO. LTD. bought a new stake in shares of InvenTrust Properties in the 4th quarter worth about $42,000. Finally, PharVision Advisers LLC bought a new stake in shares of InvenTrust Properties in the 4th quarter worth about $226,000. Institutional investors and hedge funds 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.