InvenTrust Properties (NYSE:IVT) Issues FY 2024 Earnings Guidance

InvenTrust Properties (NYSE:IVT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.700-1.730 for the period, compared to the consensus estimate of 1.710. The company issued revenue guidance of -.

InvenTrust Properties Price Performance

NYSE:IVT traded down $0.03 during trading hours on Tuesday, hitting $29.43. 502,294 shares of the company’s stock traded hands, compared to its average volume of 373,553. The business’s fifty day simple moving average is $29.18 and its two-hundred day simple moving average is $26.77. The firm has a market cap of $2.00 billion, a P/E ratio of 293.70, a P/E/G ratio of 3.52 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $30.33.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Wall Street Analysts Forecast Growth

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

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.