InvenTrust Properties (NYSE:IVT) Rating Increased to Buy at Jefferies Financial Group

InvenTrust Properties (NYSE:IVT) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a $34.00 price target on the stock, up from their previous price target of $33.00. Jefferies Financial Group’s price objective indicates a potential upside of 12.84% from the stock’s current price.

IVT has been the topic of a number of other research reports. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Compass Point boosted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

InvenTrust Properties Stock Up 1.6 %

IVT opened at $30.13 on Thursday. The stock’s fifty day moving average is $30.40 and its 200-day moving average is $28.62. The company has a market capitalization of $2.32 billion, a PE ratio of 334.81, a P/E/G ratio of 3.57 and a beta of 0.97. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59.

InvenTrust Properties (NYSE:IVT) last issued its earnings results 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). The business had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period last year, the firm earned $0.41 EPS. On average, equities analysts predict that InvenTrust Properties will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. Executive Wealth Management LLC increased its stake in shares of InvenTrust Properties by 4.3% in the second quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after acquiring an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in 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 purchasing an additional 423 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of InvenTrust Properties by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock worth $258,000 after purchasing an additional 674 shares in the last quarter. 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 valued at $75,000 after buying an additional 681 shares during the last quarter. Finally, CWM LLC grew its stake in shares of InvenTrust Properties by 9.3% in the 3rd quarter. CWM LLC now owns 9,022 shares of the company’s stock valued at $256,000 after buying an additional 766 shares in the last quarter. Hedge funds and other 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.