Jefferies Financial Group Initiates Coverage on InvenTrust Properties (NYSE:IVT)

Investment analysts at Jefferies Financial Group assumed coverage on shares of InvenTrust Properties (NYSE:IVT) in a report issued on Tuesday, MarketBeat reports. The firm set a “hold” rating and a $33.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 7.14% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Finally, 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.

InvenTrust Properties Stock Down 0.3 %

Shares of InvenTrust Properties stock opened at $30.80 on Tuesday. The company has a market capitalization of $2.38 billion, a P/E ratio of 342.26, a P/E/G ratio of 3.63 and a beta of 0.97. The company has a 50 day moving average of $29.57 and a 200 day moving average of $27.38. InvenTrust Properties has a 52-week low of $23.53 and a 52-week high of $31.37. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period last year, the firm posted $0.41 EPS. As a group, research analysts forecast that InvenTrust Properties will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVT. Geode Capital Management LLC increased its stake in InvenTrust Properties by 5.4% in the third quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock valued at $51,550,000 after purchasing an additional 92,367 shares during the last quarter. Vestcor Inc acquired a new stake in shares of InvenTrust Properties in the third quarter valued at about $104,000. Barclays PLC increased its stake in InvenTrust Properties by 285.3% during the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after buying an additional 80,728 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in InvenTrust Properties by 12.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 94,560 shares of the company’s stock valued at $2,683,000 after purchasing an additional 10,110 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of InvenTrust Properties during the third quarter worth approximately $218,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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.