InvenTrust Properties Corp. (NYSE:IVT) Plans Dividend Increase - $0.24 Per Share

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.2376 per share on Tuesday, April 15th. This represents a $0.95 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, March 31st. This is a 5.0% increase from InvenTrust Properties's previous quarterly dividend of $0.23.

InvenTrust Properties has increased its dividend by an average of 39.3% per year over the last three years. InvenTrust Properties has a dividend payout ratio of 293.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 48.1%.

InvenTrust Properties Stock Performance

IVT traded down $0.10 during trading hours on Tuesday, reaching $29.00. The company's stock had a trading volume of 367,009 shares, compared to its average volume of 385,098. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $31.65. The company's 50-day moving average is $29.53 and its 200-day moving average is $29.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $2.25 billion, a PE ratio of 161.08, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, equities analysts forecast that InvenTrust Properties will post 1.79 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price objective for the company 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.