Teacher Retirement System of Texas Purchases 19,656 Shares of InvenTrust Properties Corp. $IVT

Teacher Retirement System of Texas raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 32.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,409 shares of the company’s stock after buying an additional 19,656 shares during the period. Teacher Retirement System of Texas owned about 0.10% of InvenTrust Properties worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of IVT. Wealth Enhancement Advisory Services LLC grew its position in InvenTrust Properties by 33.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,994 shares of the company’s stock worth $1,043,000 after acquiring an additional 9,451 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in InvenTrust Properties by 112.9% in the third quarter. Wolverine Asset Management LLC now owns 29,042 shares of the company’s stock worth $831,000 after purchasing an additional 15,404 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of InvenTrust Properties during the third quarter worth $539,000. State of Alaska Department of Revenue grew its holdings in shares of InvenTrust Properties by 10.7% during the third quarter. State of Alaska Department of Revenue now owns 41,893 shares of the company’s stock worth $1,197,000 after purchasing an additional 4,062 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of InvenTrust Properties in the third quarter valued at $792,000. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 1.4%

Shares of NYSE IVT opened at $28.96 on Friday. InvenTrust Properties Corp. has a 1 year low of $25.21 and a 1 year high of $31.04. The firm’s 50-day moving average is $28.62 and its 200-day moving average is $28.40. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.25 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.00 and a beta of 0.85.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.37). InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. The business had revenue of $74.47 million during the quarter, compared to analyst estimates of $73.57 million. Equities analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a $0.2377 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.3%. InvenTrust Properties’s dividend payout ratio is 62.09%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $33.00 price target (up previously from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. assumed coverage on shares of InvenTrust Properties in a report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.60.

InvenTrust Properties Profile

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.