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

InvenTrust Properties (NYSE:IVT) had its price target reduced by equities research analysts at Wells Fargo & Company from $33.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 9.40% from the company’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research started coverage on InvenTrust Properties in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Stock Performance

Shares of NYSE IVT opened at $29.25 on Wednesday. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $29.52 and a 200 day simple moving average of $29.75. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 162.50, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Sell-side analysts expect that InvenTrust Properties will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVT. FIL Ltd raised its stake in shares of InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock worth $67,000 after acquiring an additional 332 shares during the last quarter. Allworth Financial LP raised its position in InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after purchasing an additional 383 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock worth $62,000 after buying an additional 465 shares in the last quarter. EntryPoint Capital LLC boosted its position in InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock valued at $296,000 after buying an additional 682 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after buying an additional 756 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.