Teacher Retirement System of Texas Sells 37,763 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Teacher Retirement System of Texas decreased its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 36.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,201 shares of the company's stock after selling 37,763 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of InvenTrust Properties worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in InvenTrust Properties in the 4th quarter worth approximately $27,000. GF Fund Management CO. LTD. bought a new stake in InvenTrust Properties in the 4th quarter worth approximately $42,000. Bernard Wealth Management Corp. bought a new stake in InvenTrust Properties in the 4th quarter worth approximately $50,000. Quarry LP bought a new stake in InvenTrust Properties in the 4th quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp increased 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 worth $56,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Up 0.4%

Shares of NYSE IVT traded up $0.10 during trading hours on Friday, hitting $27.10. 473,758 shares of the company traded hands, compared to its average volume of 426,513. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 117.83, a price-to-earnings-growth ratio of 3.06 and a beta of 0.88. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.42. The company's 50 day moving average price is $27.78 and its 200 day moving average price is $28.55. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.2377 per share. The ex-dividend date is Monday, June 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.51%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's payout ratio is currently 413.04%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. BTIG Research started coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 target price on the stock. Finally, Wolfe Research started coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.80.

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.