InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) declared a quarterly dividend on Friday, May 31st, Zacks reports. Stockholders of record on Sunday, June 30th will be given a dividend of 0.226 per share on Monday, July 15th. This represents a $0.90 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, June 28th.
InvenTrust Properties has raised its dividend payment by an average of 65.6% per year over the last three years. InvenTrust Properties has a payout ratio of 910.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect InvenTrust Properties to earn $1.82 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 50.0%.
InvenTrust Properties Stock Performance
IVT traded down $0.12 on Wednesday, reaching $24.46. The company had a trading volume of 78,561 shares, compared to its average volume of 327,957. InvenTrust Properties has a fifty-two week low of $22.61 and a fifty-two week high of $27.25. The stock has a market cap of $1.66 billion, a P/E ratio of 244.80, a P/E/G ratio of 4.14 and a beta of 0.99. The company’s fifty day moving average is $24.81 and its 200 day moving average is $25.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.38 and a current ratio of 2.38.
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.
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