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

InvenTrust Properties Corp. (NYSE:IVT) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.226 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, September 30th.

InvenTrust Properties has increased its dividend payment by an average of 65.6% per year over the last three years. InvenTrust Properties has a dividend payout ratio of 758.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Shares of NYSE IVT traded up $0.04 during midday trading on Wednesday, reaching $29.90. 17,513 shares of the company were exchanged, compared to its average volume of 324,001. The stock has a market cap of $2.03 billion, a P/E ratio of 300.30, a PEG ratio of 4.68 and a beta of 0.99. InvenTrust Properties has a 1 year low of $22.61 and a 1 year high of $30.20. The stock has a fifty day simple moving average of $27.96 and a 200 day simple moving average of $25.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Compass Point upped their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company increased 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.

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.