BTIG initiated coverage of InvenTrust Properties (IVT) with a Buy rating and $31 price target InvenTrust owns a portfolio of 68 multi-tenant retail properties concentrated in Sunbelt markets, the analyst tells investors in a research note. The firm says strong fundamentals in the existing portfolio plus external investments on a smaller platform create the opportunity for above-average growth. It believes the company’s focus on Sunbelt markets and its willingness to invest across retail formats should generate positive results for shareholders even in a challenging market.
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