InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research began coverage on shares of InvenTrust Properties (NYSE:IVT - Free Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm issued a peer perform rating on the stock.

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

InvenTrust Properties Trading Up 3.0 %

Shares of NYSE IVT traded up $0.85 during trading on Thursday, hitting $29.42. 373,067 shares of the company were exchanged, compared to its average volume of 386,017. The company has a fifty day moving average price of $29.51 and a 200-day moving average price of $29.75. 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 capitalization of $2.28 billion, a PE ratio of 163.42, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a 12-month low of $23.53 and a 12-month high of $31.65.

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

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties's payout ratio is 527.78%.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC acquired a new position in InvenTrust Properties during the fourth quarter worth $27,000. GF Fund Management CO. LTD. purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at $42,000. Bernard Wealth Management Corp. acquired a new position in InvenTrust Properties during the 4th quarter worth about $50,000. Quarry LP purchased a new position in InvenTrust Properties during the 4th quarter valued at about $53,000. Finally, Jones Financial Companies Lllp grew its position in InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

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.