InvenTrust Properties (NYSE:IVT) Reaches New 52-Week High – Should You Buy?

InvenTrust Properties Corp. (NYSE:IVT) reached a new 52-week high during trading on Wednesday . The company traded as high as $30.65 and last traded at $30.61, with a volume of 12046 shares trading hands. The stock had previously closed at $29.88.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of research analyst reports. Compass Point increased their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Wells Fargo & Company increased their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd.

InvenTrust Properties Stock Performance

The stock’s 50-day moving average price is $29.38 and its 200-day moving average price is $27.05. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.38 billion, a P/E ratio of 342.37, a P/E/G ratio of 3.57 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released 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 firm had revenue of $68.52 million during the quarter. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts expect that InvenTrust Properties Corp. will post 1.72 EPS for the current year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.93%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 1,011.22%.

Institutional Trading of InvenTrust Properties

Large investors have recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new position in InvenTrust Properties during the 3rd quarter valued at about $27,000. Creekmur Asset Management LLC grew its stake in shares of InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after purchasing an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of InvenTrust Properties in the 2nd quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC grew its stake in shares of InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares during the last quarter. 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.