Thrivent Financial for Lutherans Buys Shares of 69,784 InvenTrust Properties Corp. (NYSE:IVT)

Thrivent Financial for Lutherans bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,784 shares of the company's stock, valued at approximately $1,980,000. Thrivent Financial for Lutherans owned approximately 0.09% of InvenTrust Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties in the 3rd quarter valued at about $27,000. Creekmur Asset Management LLC lifted its stake in InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock worth $46,000 after acquiring an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in InvenTrust Properties during the 2nd quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock valued at $75,000 after purchasing an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock valued at $91,000 after purchasing an additional 693 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on IVT shares. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They set a "hold" rating and a $33.00 target price on the stock. Finally, Compass Point upped their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th.

InvenTrust Properties Stock Performance

Shares of IVT traded down $0.33 during midday trading on Friday, reaching $30.97. 288,517 shares of the stock were exchanged, compared to its average volume of 377,362. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 347.82, a PEG ratio of 3.61 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The business's 50-day moving average price is $29.74 and its 200 day moving average price is $27.63.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). The firm had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same period in the prior year, the company posted $0.41 EPS. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.92%. InvenTrust Properties's dividend payout ratio is presently 1,011.22%.

InvenTrust Properties Company 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.