Teacher Retirement System of Texas Has $3.10 Million Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Teacher Retirement System of Texas boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 106.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,964 shares of the company’s stock after purchasing an additional 52,983 shares during the period. Teacher Retirement System of Texas’ holdings in InvenTrust Properties were worth $3,102,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock worth $56,000 after acquiring an additional 1,026 shares during the period. Vestcor Inc bought a new stake in InvenTrust Properties during the third quarter worth $104,000. US Bancorp DE boosted its holdings in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company’s stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of InvenTrust Properties by 207.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company’s stock valued at $155,000 after purchasing an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in shares of InvenTrust Properties during the 4th quarter worth $204,000. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IVT shares. Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a “peer perform” rating on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Trading Down 0.6 %

Shares of IVT stock opened at $29.25 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.27 billion, a P/E ratio of 162.50, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The stock’s fifty day simple moving average is $29.52 and its 200 day simple moving average is $29.75.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.2376 per share. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.25%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is presently 527.78%.

InvenTrust Properties Profile

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.