InvenTrust Properties (NYSE:IVT) Now Covered by Analysts at Wolfe Research

Research analysts at Wolfe Research began coverage on shares of InvenTrust Properties (NYSE:IVT) in a report released on Thursday, MarketBeat reports. The brokerage set a “peer perform” rating on the stock.

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Trading Up 0.4 %

NYSE IVT opened at $29.05 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 161.38, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The company’s 50-day simple moving average is $29.51 and its two-hundred day simple moving average is $29.76. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating 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%. Equities analysts forecast that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

Institutional Trading of InvenTrust Properties

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after purchasing an additional 245,343 shares during the last quarter. Millennium Management LLC grew its position in InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock worth $74,039,000 after purchasing an additional 839,541 shares during the last quarter. Geode Capital Management LLC grew its position in InvenTrust Properties by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock worth $58,366,000 after purchasing an additional 120,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock worth $38,507,000 after purchasing an additional 98,366 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Hedge funds and other institutional investors 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.