InvenTrust Properties Corp. (NYSE:IVT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,201 shares of the company's stock after selling 37,763 shares during the period. Teacher Retirement System of Texas owned 0.08% of InvenTrust Properties worth $1,915,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the 4th quarter valued at about $27,000. GF Fund Management CO. LTD. purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $42,000. Bernard Wealth Management Corp. purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $50,000. Quarry LP purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 1,026 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IVT. BTIG Research began coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, InvenTrust Properties has a consensus rating of "Moderate Buy" and a consensus price target of $31.80.

InvenTrust Properties Stock Up 0.6%

InvenTrust Properties stock traded up $0.16 during mid-day trading on Monday, reaching $27.30. 925,023 shares of the company's stock were exchanged, compared to its average volume of 428,507. The company has a market cap of $2.12 billion, a P/E ratio of 118.72, a P/E/G ratio of 3.06 and a beta of 0.88. InvenTrust Properties Corp. has a twelve month low of $25.21 and a twelve month high of $31.65. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $27.78 and a 200-day moving average of $28.54.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 30th. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

InvenTrust Properties Company 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.