InvenTrust Properties (NYSE:IVT) Issues FY 2024 Earnings Guidance

InvenTrust Properties (NYSE:IVT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.690-1.730 for the period, compared to the consensus EPS estimate of 1.740. The company issued revenue guidance of -.

InvenTrust Properties Stock Up 1.7 %

Shares of InvenTrust Properties stock traded up $0.48 on Wednesday, reaching $28.18. The company’s stock had a trading volume of 1,112,689 shares, compared to its average volume of 339,596. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 277.00, a P/E/G ratio of 4.46 and a beta of 0.98. The firm’s fifty day simple moving average is $25.07 and its two-hundred day simple moving average is $25.06. InvenTrust Properties has a 52 week low of $22.61 and a 52 week high of $28.57. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.53.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were issued a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, June 28th. InvenTrust Properties’s payout ratio is 910.00%.

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.