Free Trial

InvenTrust Properties (NYSE:IVT) Given New $32.00 Price Target at Wells Fargo & Company

InvenTrust Properties logo with Finance background
Remove Ads

InvenTrust Properties (NYSE:IVT - Free Report) had its target price reduced by Wells Fargo & Company from $33.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on IVT. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, InvenTrust Properties currently has an average rating of "Moderate Buy" and an average price target of $32.00.

View Our Latest Stock Report on IVT

InvenTrust Properties Price Performance

Shares of NYSE:IVT traded down $0.05 during midday trading on Wednesday, reaching $29.22. The company's stock had a trading volume of 369,444 shares, compared to its average volume of 408,622. The business's fifty day simple moving average is $29.53 and its 200-day simple moving average is $29.75. The company has a market capitalization of $2.26 billion, a P/E ratio of 162.31, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.65.

Remove Ads

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share 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 fiscal year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.2376 dividend. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.25%. InvenTrust Properties's dividend payout ratio is presently 527.78%.

Institutional Trading of InvenTrust Properties

A number of institutional investors and hedge funds have recently modified their holdings of IVT. Thrivent Financial for Lutherans bought a new stake in InvenTrust Properties in the third quarter valued at approximately $1,980,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of InvenTrust Properties in the 3rd quarter valued at $217,000. Intech Investment Management LLC acquired a new stake in InvenTrust Properties during the 3rd quarter worth $584,000. Charles Schwab Investment Management Inc. raised its stake in InvenTrust Properties by 17.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock worth $33,467,000 after buying an additional 175,838 shares during the period. Finally, Algert Global LLC lifted its holdings in InvenTrust Properties by 28.9% during the third quarter. Algert Global LLC now owns 65,621 shares of the company's stock worth $1,862,000 after acquiring an additional 14,710 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for InvenTrust Properties (NYSE:IVT)

Should You Invest $1,000 in InvenTrust Properties Right Now?

Before you consider InvenTrust Properties, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InvenTrust Properties wasn't on the list.

While InvenTrust Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Trump Tariffs Tumble the Stock Market—Here’s How to Protect Your Money
Donald Trump Owns These 7 Stocks, Should You?
 5 Stocks to BUY NOW in April 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads