InvenTrust Properties Corp. (NYSE:IVT) to Issue Quarterly Dividend of $0.23

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.226 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, September 30th.

InvenTrust Properties has raised its dividend by an average of 65.6% per year over the last three years. InvenTrust Properties has a dividend payout ratio of 758.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

InvenTrust Properties Stock Up 0.3 %

InvenTrust Properties stock opened at $28.30 on Friday. The stock has a market cap of $1.92 billion, a P/E ratio of 283.00, a P/E/G ratio of 4.83 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. InvenTrust Properties has a twelve month low of $22.61 and a twelve month high of $30.33. The company’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $26.10.

Wall Street Analyst Weigh In

IVT has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on 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 increased their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th.

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.