InvenTrust Properties (NYSE:IVT) Updates 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 guidance of 1.700-1.730 for the period, compared to the consensus earnings per share estimate of 1.710. The company issued revenue guidance of -.

Analysts Set New Price Targets

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

InvenTrust Properties Trading Down 0.1 %

Shares of NYSE IVT traded down $0.03 during mid-day trading on Tuesday, hitting $29.43. The company’s stock had a trading volume of 502,294 shares, compared to its average volume of 373,553. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 293.70, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company’s fifty day simple moving average is $29.18 and its 200-day simple moving average is $26.77. InvenTrust Properties has a one year low of $23.53 and a one year high of $30.33.

InvenTrust Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 900.00%.

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.