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

Teacher Retirement System of Texas increased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT) by 106.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 102,964 shares of the company’s stock after purchasing an additional 52,983 shares during the period. Teacher Retirement System of Texas owned 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. Principal Financial Group Inc. boosted its stake in shares of InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock worth $131,446,000 after acquiring an additional 245,343 shares during the period. Geode Capital Management LLC lifted its holdings in InvenTrust Properties by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock valued at $51,550,000 after purchasing an additional 92,367 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock valued at $38,507,000 after purchasing an additional 98,366 shares during the last quarter. FMR LLC boosted its position in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after purchasing an additional 35,428 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 0.6 %

IVT stock opened at $29.25 on Wednesday. The business’s fifty day moving average price is $29.52 and its two-hundred day moving average price is $29.75. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 162.50, a PEG ratio of 3.34 and a beta of 0.96. 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 debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. On average, equities analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.2376 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s payout ratio is 527.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IVT. Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

About InvenTrust Properties

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.