InvenTrust Properties (NYSE:IVT) Posts Quarterly Earnings Results, Misses Expectations By $0.44 EPS

InvenTrust Properties (NYSE:IVT - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44), Zacks reports. The business had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the prior year, the firm posted $0.41 EPS. InvenTrust Properties updated its FY 2024 guidance to 1.700-1.730 EPS.

InvenTrust Properties Stock Up 0.3 %

Shares of NYSE:IVT traded up $0.09 during trading on Friday, reaching $29.54. 357,801 shares of the stock were exchanged, compared to its average volume of 375,892. The stock has a fifty day moving average of $29.26 and a two-hundred day moving average of $26.85. InvenTrust Properties has a 1-year low of $23.53 and a 1-year high of $30.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 1.24. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 328.26, a price-to-earnings-growth ratio of 3.62 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.06%. InvenTrust Properties's dividend payout ratio (DPR) is presently 1,011.22%.

Analyst Ratings Changes

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

InvenTrust Properties Company Profile

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.