InvenTrust Properties (NYSE:IVT) Releases FY 2022 Earnings Guidance

InvenTrust Properties (NYSE:IVTGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.52-$1.56 for the period. The company issued revenue guidance of -.

InvenTrust Properties Price Performance

Shares of IVT stock traded up $0.30 during trading on Friday, hitting $27.68. The company had a trading volume of 228,031 shares, compared to its average volume of 537,544. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.87 billion and a P/E ratio of 41.94. The stock’s 50-day moving average price is $27.52 and its 200 day moving average price is $28.05. InvenTrust Properties has a one year low of $1.10 and a one year high of $32.93.

InvenTrust Properties (NYSE:IVTGet Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. InvenTrust Properties had a return on equity of 2.76% and a net margin of 19.64%.

InvenTrust Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, June 29th. InvenTrust Properties’s payout ratio is presently 124.24%.

Analyst Ratings Changes

Separately, Compass Point began coverage on InvenTrust Properties in a research note on Friday, April 22nd. They set a neutral rating and a $32.00 target price for the company.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in InvenTrust Properties during the first quarter worth $48,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of InvenTrust Properties in the 1st quarter valued at $69,000. Metropolitan Life Insurance Co NY bought a new position in shares of InvenTrust Properties in the 1st quarter valued at $121,000. PNC Financial Services Group Inc. bought a new position in shares of InvenTrust Properties in the 1st quarter valued at $154,000. Finally, Vident Investment Advisory LLC bought a new position in shares of InvenTrust Properties in the 1st quarter valued at $200,000. 44.09% of the stock is currently owned by institutional investors.

InvenTrust Properties Company Profile

(Get Rating)

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.

Further Reading

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