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

InvenTrust Properties (NYSE:IVT) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a $34.00 price target on the stock, up from their prior price target of $33.00. Jefferies Financial Group’s target price would suggest a potential upside of 13.03% from the company’s current price.

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

InvenTrust Properties Stock Performance

InvenTrust Properties stock opened at $30.08 on Thursday. 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 firm has a market capitalization of $2.32 billion, a P/E ratio of 334.26, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97. InvenTrust Properties has a 1-year low of $23.53 and a 1-year high of $31.65. The company’s 50-day moving average is $30.42 and its 200 day moving average is $28.67.

InvenTrust Properties (NYSE:IVT) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The company had revenue of $68.52 million for 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 prior year, the company earned $0.41 earnings per share. Research analysts forecast that InvenTrust Properties will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after purchasing an additional 738,784 shares in the last quarter. Geode Capital Management LLC grew its stake in InvenTrust Properties by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock worth $51,550,000 after buying an additional 92,367 shares during the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties during the 3rd quarter valued at about $104,000. Finally, Barclays PLC raised its stake in InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after buying an additional 80,728 shares during the last quarter. 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.