Allspring Global Investments Holdings LLC Sells Shares of InvenTrust Properties Corp.
December 18, 2023
☀️Trending News
INVENTRUST ($NYSE:IVT): Allspring Global Investments Holdings LLC recently announced that they have sold shares of InvenTrust Properties Corp., a real estate investment trust (REIT). InvenTrust Properties Corp. is a self-managed and self-advised publicly traded REIT that is focused on owning, operating, and developing diversified retail properties in select markets across the United States. The company’s portfolio includes grocery-anchored shopping centers, lifestyle centers, power centers, and enclosed malls.
In addition, InvenTrust Properties Corp. offers portfolio diversification through geographic exposure and tenant mix, which includes well-known national retailers. InvenTrust Properties Corp. has a strong commitment to providing its investors with attractive returns and is focused on creating value through the acquisition and development of quality properties in attractive growth markets.
Market Price
The stock opened at $25.2 and closed at $25.0, which was an increase of 0.1% from the last closing price of 25.0. This slight change in the stock price could be attributed to the company’s relatively stable performance, as well as its presence in major markets across the United States. The company owns and operates retail, office, and industrial properties, primarily in the Sun Belt States of North and South Carolina, Georgia, Florida, and Arizona.
In addition, it also holds a portfolio of non-strategic assets in other markets, including Ohio and Illinois. The sale of shares by Allspring Global Investments Holdings LLC indicates that investors remain interested in the company and are confident in its prospects for growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Inventrust Properties. More…
| Total Revenues | Net Income | Net Margin |
| 253.22 | 2.32 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Inventrust Properties. More…
| Operations | Investing | Financing |
| 124.71 | -139.49 | -97.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Inventrust Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.53k | 958.49 | 23.27 |
Key Ratios Snapshot
Some of the financial key ratios for Inventrust Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 12.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have evaluated INVENTRUST PROPERTIES‘ fundamentals. Our star chart indicates that the company is strong in dividend, and medium in asset, growth, and profitability. We classify INVENTRUST PROPERTIES as a ‘cow’, which is a type of company that we consider to have a track record of paying out consistent and sustainable dividends. Investors who are looking for steady income from their investments may be interested in a company like INVENTRUST PROPERTIES. Further, our health score for INVENTRUST PROPERTIES is 4/10 with regard to its cashflows and debt, suggesting that it is likely able to sustain future operations even in times of crisis. More…
Peers
The company’s portfolio includes retail, office, and industrial properties. The company’s competitors include Slate Grocery REIT, KBS Real Estate Investment Trust III Inc, Inland Real Estate Income Trust Inc.
– Slate Grocery REIT ($TSX:SGR.UN)
Slate Grocery REIT is a Canadian real estate investment trust that owns and operates a portfolio of grocery-anchored retail properties across Canada. The company’s market cap as of 2022 is 858.1M.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc, a real estate investment trust, focuses on acquiring, owning, and operating office properties in the United States. It also provides debt and equity financing for the acquisition and development of office properties. The company was founded in 2007 and is based in Newport Beach, California.
– Inland Real Estate Income Trust Inc ($OTCPK:INRE)
Inland Real Estate Income Trust Inc is a real estate company that focuses on the ownership and operation of income-producing properties, including retail, office, industrial, and multifamily properties. As of December 31, 2020, the company owned and operated a portfolio of 97 properties totaling 12.8 million square feet of gross leasable space. Inland Real Estate Income Trust Inc is headquartered in Oak Brook, Illinois.
Summary
Investors in InvenTrust Properties Corp. have reason to keep a close eye on the stock, as Allspring Global Investments Holdings LLC has recently sold off a significant portion of its shares. Analysts recommend keeping an eye on the stock performance to gauge the effect of the divestment. Overall, InvenTrust Properties Corp. has seen a steady increase in share prices over the past year, and analysts are generally bullish on the company’s future prospects. The company’s portfolio of retail, office and industrial properties is well diversified and is expected to drive growth in the future.
With a strong balance sheet and a strong track record of successful investments, InvenTrust Properties offers investors a reliable source for long-term capital appreciation. Despite the recent divestment, InvenTrust remain well-positioned to benefit from current market conditions and deliver consistent returns for investors in the near future.
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