InvenTrust Properties (NYSE:IVT) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of InvenTrust Properties (NYSE:IVT - Free Report) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $33.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on IVT. Compass Point lifted their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Wells Fargo & Company upped their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Finally, Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and raised their target price for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd.

InvenTrust Properties Stock Performance

IVT stock traded up $0.38 on Tuesday, hitting $30.89. The company's stock had a trading volume of 231,762 shares, compared to its average volume of 377,265. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 343.15, a price-to-earnings-growth ratio of 3.63 and a beta of 0.97. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $31.37. The firm has a 50 day moving average of $29.54 and a two-hundred day moving average of $27.33.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million for the quarter. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities analysts predict that InvenTrust Properties will post 1.72 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.93%. InvenTrust Properties's dividend payout ratio is currently 1,011.22%.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties in the third quarter valued at $27,000. Creekmur Asset Management LLC increased its position in InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock valued at $46,000 after acquiring an additional 795 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in InvenTrust Properties during the second quarter valued at about $57,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after acquiring an additional 681 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock valued at $91,000 after buying an additional 693 shares during the last quarter. 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.