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

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

Wall Street Analysts Forecast Growth

Separately, Compass Point began coverage on shares of InvenTrust Properties in a research report on Friday, April 22nd. They issued a neutral rating and a $32.00 target price on the stock.

InvenTrust Properties Trading Up 1.1 %

Shares of IVT traded up $0.30 during trading hours on Friday, reaching $27.68. 228,031 shares of the company traded hands, compared to its average volume of 537,544. The company’s fifty day moving average price is $27.52 and its two-hundred day moving average price is $28.05. The company has a market capitalization of $1.87 billion and a price-to-earnings ratio of 41.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. InvenTrust Properties has a 12 month low of $1.10 and a 12 month high of $32.93.

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

InvenTrust Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors 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 currently 124.24%.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds have recently bought and sold shares of IVT. Vanguard Group Inc. bought a new position in shares of InvenTrust Properties in the first quarter worth approximately $171,169,000. BlackRock Inc. bought a new position in shares of InvenTrust Properties in the first quarter worth approximately $71,167,000. State Street Corp bought a new position in shares of InvenTrust Properties in the first quarter worth approximately $44,161,000. Charles Schwab Investment Management Inc. bought a new position in shares of InvenTrust Properties in the first quarter worth approximately $20,038,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of InvenTrust Properties in the first quarter worth approximately $12,345,000. Institutional investors own 44.09% of the company’s stock.

About InvenTrust Properties

(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.

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