Thrivent Financial for Lutherans Has $2.23 Million Stock Holdings in InvenTrust Properties Corp. $IVT

Thrivent Financial for Lutherans cut its position in InvenTrust Properties Corp. (NYSE:IVT) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,994 shares of the company’s stock after selling 34,658 shares during the period. Thrivent Financial for Lutherans owned 0.10% of InvenTrust Properties worth $2,229,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IVT. Principal Financial Group Inc. grew its stake in shares of InvenTrust Properties by 30.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock valued at $174,612,000 after buying an additional 1,456,918 shares during the period. Deprince Race & Zollo Inc. bought a new position in InvenTrust Properties in the 4th quarter valued at about $26,941,000. Hudson Bay Capital Management LP bought a new position in InvenTrust Properties in the 3rd quarter valued at about $23,581,000. Vision Capital Corp lifted its position in InvenTrust Properties by 182.7% in the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock valued at $27,112,000 after acquiring an additional 639,472 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in InvenTrust Properties by 111.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company’s stock valued at $26,528,000 after acquiring an additional 509,518 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $32.90 on Tuesday. InvenTrust Properties Corp. has a 52 week low of $26.52 and a 52 week high of $33.19. The company’s 50 day moving average price is $31.65 and its two-hundred day moving average price is $30.05. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.56 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.69 and a beta of 0.80.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities analysts predict that InvenTrust Properties Corp. will post 1.99 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s payout ratio is 70.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IVT. Wells Fargo & Company raised their price target on shares of InvenTrust Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised their price target on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research report on Wednesday, May 6th. KeyCorp began coverage on shares of InvenTrust Properties in a research report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target on the stock. Weiss Ratings raised shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.20.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.