InvenTrust Properties Corp. (IVT) To Go Ex-Dividend on December 30th

InvenTrust Properties Corp. (NYSE:IVT) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.2263 per share on Wednesday, January 15th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23.

InvenTrust Properties has raised its dividend payment by an average of 65.6% per year over the last three years. InvenTrust Properties has a dividend payout ratio of 303.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect InvenTrust Properties to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 50.0%.

InvenTrust Properties Trading Down 0.5 %

Shares of NYSE:IVT opened at $29.56 on Friday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 328.48, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97. The business’s 50 day moving average price is $30.31 and its 200-day moving average price is $28.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The firm had revenue of $68.52 million for the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts forecast that InvenTrust Properties will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IVT shares. Compass Point lifted 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. Wells Fargo & Company raised their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Jefferies Financial Group started coverage on InvenTrust Properties in a report on Tuesday, November 19th. They issued a “hold” rating and a $33.00 price objective on the stock. Finally, Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd.

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.