Teacher Retirement System of Texas Acquires 52,983 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Teacher Retirement System of Texas boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 106.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,964 shares of the company's stock after buying an additional 52,983 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of InvenTrust Properties worth $3,102,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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InvenTrust Properties Trading Down 0.2 %

NYSE:IVT traded down $0.05 during mid-day trading on Friday, hitting $29.22. 369,444 shares of the company's stock were exchanged, compared to its average volume of 408,622. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a 50 day simple moving average of $29.53 and a 200-day simple moving average of $29.75. The firm has a market capitalization of $2.26 billion, a P/E ratio of 162.31, a PEG ratio of 3.34 and a beta of 0.96.

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

InvenTrust Properties Increases Dividend

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