InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 240.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,311 shares of the company's stock after purchasing an additional 167,527 shares during the quarter. Thrivent Financial for Lutherans owned 0.31% of InvenTrust Properties worth $7,150,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IVT shares. Wolfe Research started coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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InvenTrust Properties Price Performance

Shares of IVT stock traded down $0.16 on Thursday, reaching $29.25. 423,090 shares of the company were exchanged, compared to its average volume of 385,902. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 162.47, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The business has a 50-day moving average price of $29.52 and a 200 day moving average price of $29.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

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

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio is 527.78%.

About InvenTrust Properties

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.