Wells Fargo & Company Lowers InvenTrust Properties (NYSE:IVT) Price Target to $32.00

InvenTrust Properties (NYSE:IVT) had its price target reduced by stock analysts at Wells Fargo & Company from $33.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.42% from the company’s current price.

Several other brokerages also recently issued reports on IVT. Wolfe Research initiated coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $29.25 on Wednesday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 162.47, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The business’s 50 day simple moving average is $29.52 and its 200-day simple moving average is $29.74. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, equities analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in InvenTrust Properties in the fourth quarter valued at $27,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties in the 4th quarter valued at about $42,000. Bernard Wealth Management Corp. acquired a new position in shares of InvenTrust Properties during the 4th quarter valued at about $50,000. Quarry LP purchased a new position in shares of InvenTrust Properties during the 4th quarter worth about $53,000. Finally, Jones Financial Companies Lllp boosted its position in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after acquiring an additional 1,026 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

About InvenTrust Properties

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.