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

Shares of 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. The stock had previously closed at $29.88.

Analysts Set New Price Targets

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

InvenTrust Properties Stock Up 0.9 %

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

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The firm 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 quarter last year, the firm earned $0.41 earnings per share. As a group, equities research analysts expect that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

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

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Executive Wealth Management LLC increased its position in InvenTrust Properties by 4.3% during the second quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in shares of InvenTrust Properties by 2.3% in the second quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after acquiring an additional 423 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of InvenTrust Properties by 2.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company’s stock worth $745,000 after acquiring an additional 565 shares in the last quarter. Van ECK Associates Corp increased its position in shares of InvenTrust Properties by 6.9% in the second quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock worth $258,000 after acquiring an additional 674 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after acquiring an additional 681 shares in the last quarter. Institutional investors and hedge funds 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.