Now Is A Suitable Moment For A Long-Term Purchase Of InvenTrust Properties Corp (NYSE: IVT)

Currently, there are 67.81M common shares owned by the public and among those 67.56M shares have been available to trade.

The company’s stock has a 5-day price change of 3.49% and 19.82% over the past three months. IVT shares are trading 17.13% year to date (YTD), with the 12-month market performance up to 22.64% higher. It has a 12-month low price of $22.61 and touched a high of $29.54 over the same period. IVT has an average intraday trading volume of 339.74K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.41%, 11.30%, and 16.68% respectively.

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Institutional ownership of InvenTrust Properties Corp (NYSE: IVT) shares accounts for 64.67% of the company’s 67.81M shares outstanding.

It has a market capitalization of $2.02B. The stock’s trailing 12-month PE ratio is 313.41, while the earnings-per-share (ttm) stands at $0.09. The company has a PEG of 74.62 and the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.24% over the week and 1.50% over the month.

Analysts forecast that InvenTrust Properties Corp (IVT) will achieve an EPS of 0.01 for the current quarter, 0.01 for the next quarter and 0.11 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.01 while analysts give the company a high EPS estimate of 0.01. Comparatively, EPS for the current quarter was -0.01 a year ago. EPS should grow at an annualized rate of 4.20% over the next five years, compared to -41.15% over the past 5-year period.

Looking at the support for the IVT, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on May 24, 2023, with the firm’s price target at $25. BofA Securities coverage for the InvenTrust Properties Corp (IVT) stock in a research note released on September 29, 2022 offered a Neutral rating with a price target of $26.

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