InvenTrust Properties (NYSE:IVT) Releases Quarterly Earnings Results, Misses Expectations By $0.44 EPS

InvenTrust Properties (NYSE:IVT) issued its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44), Zacks reports. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The company had revenue of $68.52 million during the quarter. During the same quarter in the prior year, the firm earned $0.41 EPS. InvenTrust Properties updated its FY 2024 guidance to 1.700-1.730 EPS.

InvenTrust Properties Price Performance

InvenTrust Properties stock traded up $0.25 during mid-day trading on Friday, reaching $29.70. The company had a trading volume of 127,376 shares, compared to its average volume of 374,803. The business has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $26.85. The company has a market cap of $2.29 billion, a P/E ratio of 327.26, a P/E/G ratio of 3.62 and a beta of 0.98. The company has a current ratio of 3.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $30.33.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 3.04%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is 1,011.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IVT shares. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Compass Point boosted their price target on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Wells Fargo & Company upped their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report 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.