Thrivent Financial for Lutherans Sells 34,658 Shares of InvenTrust Properties Corp. $IVT

Thrivent Financial for Lutherans lowered its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 30.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 78,994 shares of the company’s stock after selling 34,658 shares during the quarter. Thrivent Financial for Lutherans’ holdings in InvenTrust Properties were worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank raised its holdings in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock worth $66,000 after purchasing an additional 1,001 shares during the period. Amundi raised its holdings in shares of InvenTrust Properties by 9.8% in the 1st quarter. Amundi now owns 45,205 shares of the company’s stock worth $1,268,000 after purchasing an additional 4,018 shares during the period. AQR Capital Management LLC raised its holdings in shares of InvenTrust Properties by 29.3% in the 1st quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock worth $302,000 after purchasing an additional 2,331 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of InvenTrust Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock worth $1,355,000 after purchasing an additional 2,014 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of InvenTrust Properties by 66.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after purchasing an additional 276,474 shares during the period. Institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

InvenTrust Properties Stock Up 0.0%

InvenTrust Properties stock opened at $32.90 on Tuesday. InvenTrust Properties Corp. has a 1-year low of $26.52 and a 1-year high of $33.19. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.69 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $31.65 and a 200 day simple moving average of $30.05.

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

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio (DPR) is presently 70.92%.

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.