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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IVT:
- InvenTrust Properties: Strong Growth Potential and Strategic Positioning Justify Buy Rating
- InvenTrust Properties price target lowered to $32 from $33 at Wells Fargo
- Wolfe starts InvenTrust at Peer Perform, says stock screens as near fair value
- InvenTrust Properties initiated with a Peer Perform at Wolfe Research
- InvenTrust Properties raises quarterly dividend 5% to 23.76c per share