InvenTrust Properties Corp. (IVT) To Go Ex-Dividend on September 30th

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.226 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, September 30th.

InvenTrust Properties has increased its dividend by an average of 65.6% per year over the last three years. InvenTrust Properties has a dividend payout ratio of 758.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

InvenTrust Properties Stock Performance

IVT stock opened at $28.30 on Friday. InvenTrust Properties has a 1-year low of $22.61 and a 1-year high of $30.33. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.92 billion, a PE ratio of 283.00, a P/E/G ratio of 4.83 and a beta of 0.99. The business’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $26.10.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Compass Point increased their target price 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 boosted their price target on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th.

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.