Teacher Retirement System of Texas Has $2.30 Million Position in InvenTrust Properties Corp. $IVT

Teacher Retirement System of Texas grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 32.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,409 shares of the company’s stock after acquiring an additional 19,656 shares during the quarter. Teacher Retirement System of Texas’ holdings in InvenTrust Properties were worth $2,301,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IVT. EverSource Wealth Advisors LLC grew its holdings in InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares during the period. Lazard Asset Management LLC boosted its position in shares of InvenTrust Properties by 1.0% during the second quarter. Lazard Asset Management LLC now owns 47,391 shares of the company’s stock worth $1,298,000 after purchasing an additional 465 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of InvenTrust Properties by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 71,333 shares of the company’s stock valued at $1,955,000 after buying an additional 640 shares during the period. M&G PLC increased its position in shares of InvenTrust Properties by 11.1% in the 2nd quarter. M&G PLC now owns 6,943 shares of the company’s stock valued at $187,000 after buying an additional 696 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of InvenTrust Properties by 2.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 27,325 shares of the company’s stock valued at $749,000 after buying an additional 723 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 1.4%

IVT stock opened at $28.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.00 and a beta of 0.85. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.04. The business has a 50-day moving average of $28.62 and a 200-day moving average of $28.40.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 28th. The company reported $0.08 EPS 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 firm had revenue of $74.47 million during the quarter, compared to the consensus estimate of $73.57 million. On average, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

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

Analyst Ratings Changes

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