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

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

InvenTrust Properties Stock Up 0.6 %

Shares of InvenTrust Properties stock traded up $0.19 on Friday, reaching $29.64. 148,224 shares of the company were exchanged, compared to its average volume of 374,902. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 327.26, a PEG ratio of 3.62 and a beta of 0.98. The company has a current ratio of 3.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a one year low of $23.53 and a one year high of $30.33. The company has a 50-day moving average of $29.26 and a 200 day moving average of $26.85.

InvenTrust Properties Dividend Announcement

The business also recently declared 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 of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.05%. InvenTrust Properties’s dividend payout ratio is 1,011.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IVT shares. Wells Fargo & Company raised their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point boosted their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped 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.