Wolfe Research Initiates Coverage on InvenTrust Properties (NYSE:IVT)

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

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Price Performance

Shares of IVT opened at $29.02 on Thursday. The firm has a market cap of $2.25 billion, a PE ratio of 161.21, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a 52-week low of $23.53 and a 52-week high of $31.65. The business’s 50 day moving average price is $29.50 and its two-hundred day moving average price is $29.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last released 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 net margin of 4.99% and a return on equity of 0.83%. On average, equities analysts anticipate 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 issued a dividend of $0.2376 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties’s dividend payout ratio (DPR) is currently 527.78%.

Institutional Investors Weigh In On InvenTrust Properties

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