In Friday’s Wall Street session, InvenTrust Properties Corp (NYSE:IVT) shares traded at $30.15, down -2.01% from the previous session.
IVT stock price is now 0.63% away from the 50-day moving average and 7.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.34B.
With the price target enhanced from $33 to $34, Jefferies Upgraded its rating from Hold to Buy for InvenTrust Properties Corp (NYSE: IVT). On November 19, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $33, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Phillips Michael Douglas, E.V.P., C.F.O. & Treasurer sold 3,279 shares of the company’s stock on Mar 08 ’24. The stock was sold for $83,090 at an average price of $25.34. Upon completion of the transaction, the E.V.P., C.F.O. & Treasurer now directly owns 27,232 shares in the company, valued at $0.82 million. A total of 0.53% of the company’s stock is owned by insiders.
During the past 12 months, InvenTrust Properties Corp has had a low of $23.51 and a high of $31.65. The fifty day moving average price for IVT is $29.9604 and a two-hundred day moving average price translates $28.1522 for the stock.
The latest earnings results from InvenTrust Properties Corp (NYSE: IVT) was released for 2024-12-31. The net profit margin was 4.98% and return on equity was 0.82% for IVT. The company reported revenue of $71.23 million for the quarter, compared to $64.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.06 percent.
