InvenTrust Properties Corp. (NYSE:IVT – Get Rating) declared a quarterly dividend on Monday, December 12th, Wall Street Journal reports. Stockholders of record on Thursday, December 29th will be paid a dividend of 0.2052 per share on Friday, January 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Wednesday, December 28th. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.21.
InvenTrust Properties Stock Up 0.3 %
Shares of IVT opened at $22.79 on Tuesday. InvenTrust Properties has a 52 week low of $20.82 and a 52 week high of $32.93. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.38 and a beta of 1.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.26 and a current ratio of 4.26. The stock has a fifty day moving average of $24.31 and a 200-day moving average of $25.40.
Get InvenTrust Properties alerts:Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in IVT. JPMorgan Chase & Co. bought a new position in shares of InvenTrust Properties in the 1st quarter worth about $3,915,000. Raymond James & Associates acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $274,000. Bank of New York Mellon Corp acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $1,310,000. US Bancorp DE acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $48,000. Finally, Private Advisor Group LLC acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $271,000. 51.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on IVT shares. TheStreet lowered InvenTrust Properties from a "c-" rating to a "d" rating in a research report on Tuesday, November 1st. Bank of America started coverage on InvenTrust Properties in a research report on Thursday, September 29th. They set a "neutral" rating and a $26.00 target price for the company.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
- Get a free copy of the StockNews.com research report on InvenTrust Properties (IVT)
- The Institutions Choose CarMax Over Carvana, Should You?
- Heatmap in Trading: How to Learn What Market Depth Hides
- Micron Technology Sees Chip Recovery by the End of 2023
- Three Healthcare Penny Stocks to Watch In The New Year
- Southwest Airlines Stock, There is a Lot to Love
Receive News & Ratings for InvenTrust Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenTrust Properties and related companies with MarketBeat.com's FREE daily email newsletter.