Streetbeat News

IVT

InvenTrust Properties Corp.

https://www.inventrustproperties.com

Industry

REIT - Retail

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.

Open

30.96

Mkt cap

2.4B

Volume

421K

High

31.18

P/E Ratio

309.40

52-wk high

31.18

Low

30.90

Div yield

0.03

52-wk low

23.53

Four real estate stocks, InvenTrust Properties Corp (IVT), Service Properties Trust (SVC), Essential Properties Realty Trust Inc (EPRT), and Realty Income Corp (O), are showing overbought signals with high RSI values, indicating potential short-term declines. Investors should be cautious as these stocks may face downward pressure.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 11:52 am

InvenTrust Properties Corp. has increased its 2024 core FFO (Funds From Operations) guidance from the previous range of $1.66-$1.70 to a new range of $1.67-$1.71.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:12 pm

InvenTrust Properties (NYSE:IVT) reported Q1 2024 FFO of $0.44 per share, surpassing the $0.40 estimate, and sales of $66.798M, exceeding the $65.830M forecast. This represents a 4.76% increase in earnings and a 2.44% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:59 pm

InvenTrust Properties has announced a 5% increase in its cash distribution, from $0.2155 to $0.226 per share, payable on or about April 15, 2024, to stockholders of record as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:28 pm

InvenTrust Properties Corp. (IVT) projects its 2024 Core Funds From Operations (FFO) to be in the range of $1.66 to $1.70.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:55 pm

InvenTrust Properties (NYSE:IVT) reported Q4 2023 FFO of $0.41 per share, surpassing the $0.39 estimate, and sales of $64.72M, exceeding the $64.29M estimate. This represents a 9.20% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:12 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

InvenTrust Properties (NYSE:IVT) has announced a quarterly dividend of 21.55 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 15, 2024. The stock is expected to open 21.55 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

Wells Fargo analyst Dori Kesten has maintained an Overweight rating on InvenTrust Properties (NYSE:IVT) but has reduced the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:07 pm

InvenTrust Properties Corp. (NYSE:IVT) has appointed Julian E. Whitehurst as Chairperson of the Board. Whitehurst, who has been a director of the company since 2017, previously served as Compensation Chair. Former Chairperson Paula Saban will remain on the Board, serving on the Compensation and Nominating and Corporate Governance Committees. Whitehurst has a track record at National Retail Properties Inc. (NYSE:NNN).

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:35 pm

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