InvenTrust Properties Corp. (NYSE:IVT) Given Average Recommendation of “Moderate Buy” by Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has received an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $32.60.

Several equities research analysts have issued reports on the company. LADENBURG THALM/SH SH assumed coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price target for the company. Wells Fargo & Company increased their price target on InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th.

InvenTrust Properties Stock Down 0.2%

Shares of InvenTrust Properties stock opened at $28.94 on Friday. InvenTrust Properties has a 1 year low of $25.21 and a 1 year high of $31.65. The business has a 50-day moving average of $28.68 and a two-hundred day moving average of $28.13. The company has a market capitalization of $2.25 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 3.16 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is 65.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in shares of InvenTrust Properties during the second quarter worth about $26,000. Avalon Trust Co acquired a new position in shares of InvenTrust Properties during the first quarter worth about $36,000. Heritage Wealth Advisors acquired a new position in shares of InvenTrust Properties during the second quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties during the fourth quarter worth about $42,000. 61.70% of the stock is owned by institutional investors and hedge funds.

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.