InvenTrust Properties Corp (NYSE:IVT) traded at $28.95 at last check on current trade day and made a downward move of -1.83% on its previous day’s price.
Looking at the stock we see that its previous close was $29.49 and the beta (5Y monthly) reads -5.964 with the day’s price range being $28.5901 – $29.09. The company has a trailing 12-month PE ratio of 305.70. In terms of its 52-week price range, IVT has a high of $30.33 and a low of $22.61. The company’s stock has gained about 0.94% over that past 30 days.
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InvenTrust Properties Corp has a market cap of $1.97 billion and is expected to release its quarterly earnings report on 2024-Oct-30. With its Forward Dividend at 0.88 and a yield of 3.05%, the company’s investors could be anxious for the IVT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.01, with the EPS growth for the year raised at 0.08 for current year and 0.08 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 66.01M, with a low of 66.01M and a high of 66.01M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 266.38M, or 3.00% up from figures reported last year.
On the other hand, looking at the outlook for the IVT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note that the PEG ratio for the IVT stock currently stands at 72.79, and the most recent price level today is -1.63% off its SMA20 and 2.58% from its 50-day simple moving average. The RSI (14) is pointing at 48.32 while the volatility over the past week is 1.78% and jumps to 1.57% over the past one month. The average price target for the stock over the next 12 months is $32, with the estimates having a low of $32 and a high of $32. These price ends are -10.54% and -10.54% off the today’s price level respectively, although investors could be excited at the prospect of a -10.54% if the IVT share price touches on the median price of $32.
Coming back to InvenTrust Properties Corp (NYSE:IVT), we note that the average 3-month trading volume was 337.46K, while that of the preceding 10-day period stands at 0.32 million. Current shares outstanding are 67.81 million.
The insiders hold 0.54% of the company’s shares while institutions hold 63.81%. The data shows that short shares as of 2024-08-30, stood at 1.04 million at a short ratio of 3.24. This represents a 178.00 short interest in shares outstanding on 2024-08-30. Shares short fall in August from the previous month at 1.1 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 14.25% up in year-to-date price movement.
