InvenTrust Properties (NYSE:IVT) Hits New 1-Year High – Should You Buy?

InvenTrust Properties Corp. (NYSE:IVT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.53 and last traded at $31.49, with a volume of 90646 shares traded. The stock had previously closed at $30.80.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IVT. Compass Point lifted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Wells Fargo & Company increased their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Jefferies Financial Group initiated coverage on InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Bank of America upgraded 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 Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock’s fifty day moving average is $29.68 and its 200-day moving average is $27.58. The stock has a market capitalization of $2.41 billion, a PE ratio of 350.44, a P/E/G ratio of 3.54 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The company had revenue of $68.52 million for the quarter. During the same period in the previous year, the company earned $0.41 EPS. As a group, equities analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

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 dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 2.89%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,000.00%.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new position in InvenTrust Properties in the 3rd quarter valued at $27,000. Creekmur Asset Management LLC lifted its stake in shares of InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after buying an additional 795 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in InvenTrust Properties during the second quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. grew its stake in InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC raised its holdings in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after acquiring an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.