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 EPS guidance of 1.700-1.730 for the period, compared to the consensus EPS estimate of 1.710. The company issued revenue guidance of -.

InvenTrust Properties Price Performance

InvenTrust Properties stock traded up $0.62 during midday trading on Wednesday, reaching $30.05. The company had a trading volume of 622,509 shares, compared to its average volume of 374,709. 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 firm’s fifty day simple moving average is $29.20 and its 200-day simple moving average is $26.81. InvenTrust Properties has a 12-month low of $23.53 and a 12-month high of $30.33. The company has a market capitalization of $2.04 billion, a P/E ratio of 300.45, a P/E/G ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 900.00%.

Wall Street Analysts Forecast Growth

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

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.