InvenTrust Properties (IVT) Set to Announce Earnings on Tuesday

InvenTrust Properties (NYSE:IVT) will announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock opened at $29.27 on Tuesday. The company has a market cap of $1.99 billion, a PE ratio of 292.70, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $30.33. The business has a 50 day moving average price of $29.05 and a 200-day moving average price of $26.60.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is currently 900.00%.

Wall Street Analyst Weigh In

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