InvenTrust Properties Corp. $IVT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 54.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,652 shares of the company’s stock after selling 133,973 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of InvenTrust Properties worth $3,253,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IVT. Loomis Sayles & Co. L P acquired a new stake in InvenTrust Properties in the second quarter valued at approximately $26,000. Heritage Wealth Advisors purchased a new position in InvenTrust Properties in the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its holdings in InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Quaker Wealth Management LLC increased its stake in InvenTrust Properties by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock worth $40,000 after buying an additional 2,894 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of InvenTrust Properties during the second quarter valued at approximately $47,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

NYSE:IVT opened at $30.46 on Monday. InvenTrust Properties Corp. has a 52 week low of $25.21 and a 52 week high of $31.04. The stock’s fifty day moving average is $28.82 and its two-hundred day moving average is $28.54. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.91, a P/E/G ratio of 3.19 and a beta of 0.86. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were given a dividend of $0.2377 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.1%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 62.09%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IVT shares. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. JPMorgan Chase & Co. initiated coverage on shares of InvenTrust Properties in a research note on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of InvenTrust Properties in a research report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price target on the stock. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $33.00 target price (up from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.60.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.