InvenTrust Properties (IVT) Set to Announce Earnings on Tuesday

InvenTrust Properties (NYSE:IVT) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

InvenTrust Properties Stock Down 0.9 %

IVT opened at $29.20 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of 324.48, a PEG ratio of 3.52 and a beta of 0.98. The business’s fifty day simple moving average is $29.15 and its 200 day simple moving average is $26.72. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $30.33. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.10%. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IVT. Compass Point raised their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th.

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.