Jefferies Financial Group Initiates Coverage on InvenTrust Properties (NYSE:IVT)

Jefferies Financial Group initiated coverage on shares of InvenTrust Properties (NYSE:IVT) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued a hold rating and a $33.00 price target on the stock.

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

InvenTrust Properties Trading Down 0.5 %

IVT stock opened at $30.75 on Tuesday. 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 market capitalization of $2.37 billion, a price-to-earnings ratio of 341.67, a P/E/G ratio of 3.52 and a beta of 0.97. The business has a fifty day moving average price of $29.62 and a 200 day moving average price of $27.42. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.37.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million for the quarter. During the same period in the prior year, the firm posted $0.41 EPS. Analysts expect that InvenTrust Properties will post 1.75 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 2.94%. InvenTrust Properties’s dividend payout ratio is presently 1,000.00%.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of the business. Executive Wealth Management LLC lifted its holdings in shares of InvenTrust Properties by 4.3% during the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock valued at $240,000 after purchasing an additional 400 shares in the last quarter. Arizona State Retirement System raised its holdings in InvenTrust Properties by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after buying an additional 423 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in InvenTrust Properties by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after buying an additional 565 shares during the period. Van ECK Associates Corp lifted its stake in InvenTrust Properties by 6.9% in the second quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock valued at $258,000 after buying an additional 674 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after buying an additional 681 shares during the period. 61.70% of the stock is currently owned by institutional investors.

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.