InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at Jefferies Financial Group

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

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

InvenTrust Properties Price Performance

IVT stock opened at $30.89 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The business has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $27.33. The company has a market capitalization of $2.38 billion, a P/E ratio of 343.15, a price-to-earnings-growth ratio of 3.63 and a beta of 0.97. InvenTrust Properties has a 52-week low of $23.53 and a 52-week high of $31.37.

InvenTrust Properties (NYSE:IVT) last released its quarterly 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 net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Research analysts expect that InvenTrust Properties will post 1.72 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is 1,011.22%.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after buying an additional 738,784 shares during the period. FMR LLC lifted its stake in InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after acquiring an additional 578,028 shares during the period. Zimmer Partners LP bought a new stake in InvenTrust Properties in the third quarter valued at $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in InvenTrust Properties by 425.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock valued at $13,132,000 after acquiring an additional 374,804 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in InvenTrust Properties by 1,823.0% in the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after purchasing an additional 248,050 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

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.