InvenTrust Properties (NYSE:IVT) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of InvenTrust Properties (NYSE:IVT) in a report published on Tuesday, MarketBeat.com reports. The firm issued a hold rating and a $33.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Company raised their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research report on Thursday, October 3rd. Finally, Compass Point upped their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th.

InvenTrust Properties Price Performance

Shares of IVT opened at $30.75 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $2.37 billion, a PE ratio of 341.67, a PEG ratio of 3.52 and a beta of 0.97. InvenTrust Properties has a twelve month low of $23.53 and a twelve month high of $31.37. The firm’s 50 day moving average price is $29.62 and its 200 day moving average price is $27.42.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, research analysts expect that InvenTrust Properties will post 1.75 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.94%. InvenTrust Properties’s dividend payout ratio is 1,000.00%.

Hedge Funds Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently bought and sold shares of IVT. Executive Wealth Management LLC increased its holdings in shares of InvenTrust Properties by 4.3% during the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System lifted its position in shares of InvenTrust Properties by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after acquiring an additional 423 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of InvenTrust Properties by 2.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after purchasing an additional 565 shares in the last quarter. Van ECK Associates Corp increased its position in shares of InvenTrust Properties by 6.9% during the second quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock valued at $258,000 after purchasing an additional 674 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $75,000 after acquiring an additional 681 shares during the period. Institutional investors own 61.70% of the company’s stock.

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.