Thrivent Financial for Lutherans Trims Stake in InvenTrust Properties Corp. $IVT

Thrivent Financial for Lutherans reduced its stake in InvenTrust Properties Corp. (NYSE:IVT) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247,625 shares of the company’s stock after selling 82,764 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.32% of InvenTrust Properties worth $6,785,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Loomis Sayles & Co. L P purchased a new stake in InvenTrust Properties in the second quarter worth about $26,000. Heritage Wealth Advisors purchased a new position in shares of InvenTrust Properties during the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its stake in shares of InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 418 shares during the period. Quaker Wealth Management LLC grew its stake in shares of InvenTrust Properties by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,447 shares of the company’s stock valued at $40,000 after acquiring an additional 2,894 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in InvenTrust Properties in the 2nd quarter worth approximately $47,000. Institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of InvenTrust Properties in a report on Monday. LADENBURG THALM/SH SH started coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $33.00 target price (up previously from $32.00) on shares of InvenTrust Properties in a report on Monday. JPMorgan Chase & Co. began coverage on InvenTrust Properties in a report on Friday, October 17th. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.60.

InvenTrust Properties Stock Performance

Shares of NYSE IVT opened at $28.84 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 18.85, a P/E/G ratio of 3.17 and a beta of 0.85. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s fifty day moving average is $28.16 and its two-hundred day moving average is $28.19.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.37). InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. The company had revenue of $74.47 million for the quarter, compared to the consensus estimate of $73.57 million. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. As a group, analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 62.09%.

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.