InvenTrust Properties (IVT) Expected to Announce Earnings on Tuesday

InvenTrust Properties (NYSE:IVT) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect InvenTrust Properties to post earnings of $0.04 per share and revenue of $69.69 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

InvenTrust Properties Trading Up 1.2 %

Shares of IVT stock opened at $30.17 on Monday. 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 company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 335.26, a PEG ratio of 3.28 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 company has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $29.46.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.2263 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 3.00%. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

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.