Wells Fargo & Company Issues Pessimistic Forecast for InvenTrust Properties (NYSE:IVT) Stock Price

InvenTrust Properties (NYSE:IVT) had its price target trimmed by Wells Fargo & Company from $33.00 to $32.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Trading Down 0.2 %

Shares of InvenTrust Properties stock opened at $29.22 on Wednesday. InvenTrust Properties has a 1-year low of $23.53 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap 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 stock’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $29.74.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Analysts predict that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

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

Institutional Trading of InvenTrust Properties

Several hedge funds have recently made changes to their positions in IVT. Millstone Evans Group LLC purchased a new position in InvenTrust Properties in the fourth quarter worth approximately $27,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties during the 4th quarter valued at approximately $42,000. Bernard Wealth Management Corp. acquired a new position in InvenTrust Properties in the 4th quarter valued at $50,000. Quarry LP acquired a new stake in InvenTrust Properties in the fourth quarter valued at about $53,000. Finally, Jones Financial Companies Lllp lifted its holdings in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after acquiring an additional 1,026 shares during the period. Institutional investors and hedge funds 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.