Thrivent Financial for Lutherans Boosts Stake in InvenTrust Properties Corp. (NYSE:IVT)

Thrivent Financial for Lutherans boosted its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 240.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,311 shares of the company's stock after acquiring an additional 167,527 shares during the quarter. Thrivent Financial for Lutherans owned about 0.31% of InvenTrust Properties worth $7,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares during the last quarter. Vestcor Inc acquired a new stake in shares of InvenTrust Properties during the third quarter valued at about $104,000. US Bancorp DE raised its stake in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after acquiring an additional 756 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of InvenTrust Properties by 207.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after acquiring an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 61.70% of the company's stock.

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InvenTrust Properties Stock Up 0.1 %

Shares of InvenTrust Properties stock traded up $0.03 during trading on Tuesday, hitting $29.47. 95,024 shares of the stock were exchanged, compared to its average volume of 385,815. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The firm's 50-day moving average price is $29.51 and its 200 day moving average price is $29.75. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 163.69, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is currently 527.78%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IVT. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, InvenTrust Properties currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

InvenTrust Properties Profile

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.