Thrivent Financial for Lutherans Makes New Investment in InvenTrust Properties Corp. (NYSE:IVT)

Thrivent Financial for Lutherans purchased a new position in InvenTrust Properties Corp. (NYSE:IVT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 69,784 shares of the company’s stock, valued at approximately $1,980,000. Thrivent Financial for Lutherans owned about 0.09% of InvenTrust Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new position in shares of InvenTrust Properties during the 3rd quarter worth about $27,000. Creekmur Asset Management LLC lifted its position in shares of InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after purchasing an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of InvenTrust Properties during the 2nd quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 acquiring an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC raised its holdings in 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 acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on IVT. Jefferies Financial Group began coverage on InvenTrust Properties in a report on Tuesday, November 19th. They issued a “hold” rating and a $33.00 price target for the company. 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. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $33.00 in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price target on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th.

InvenTrust Properties Trading Up 1.6 %

IVT stock opened at $31.30 on Friday. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The firm has a market cap of $2.41 billion, a P/E ratio of 347.78, a P/E/G ratio of 3.54 and a beta of 0.97. The business’s 50 day moving average is $29.71 and its 200-day moving average is $27.60. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The business had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter in the previous year, the business posted $0.41 EPS. Equities analysts anticipate that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.89%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 1,000.00%.

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.