Wells Fargo & Company Issues Pessimistic Forecast for InvenTrust Properties (NYSE:IVT) Stock Price

InvenTrust Properties (NYSE:IVT) had its target price decreased by Wells Fargo & Company from $33.00 to $32.00 in a research report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

IVT has been the topic of a number of other reports. Wolfe Research started coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating on the stock. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, InvenTrust Properties presently has an average rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $29.39 on Wednesday. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a market cap of $2.28 billion, a PE ratio of 163.29, a PEG ratio of 3.34 and a beta of 0.96. 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’s 50-day moving average is $29.52 and its two-hundred day moving average is $29.75.

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

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in 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 during the last quarter. Bernard Wealth Management Corp. purchased a new stake in InvenTrust Properties during the 4th quarter worth about $74,000. Ameriflex Group Inc. bought a new position in shares of InvenTrust Properties in the fourth quarter valued at approximately $60,000. GF Fund Management CO. LTD. bought a new position in InvenTrust Properties in the 4th quarter valued at $42,000. Finally, PharVision Advisers LLC purchased a new position in InvenTrust Properties during the fourth quarter worth about $226,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

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.