Founders Capital Management increased its stake in Weingarten Realty Investors (NYSE:WRI) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,863 shares of the real estate investment trust’s stock after buying an additional 660 shares during the period. Founders Capital Management’s holdings in Weingarten Realty Investors were worth $146,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WRI. Louisiana State Employees Retirement System increased its stake in shares of Weingarten Realty Investors by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the real estate investment trust’s stock valued at $927,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Weingarten Realty Investors by 13.4% in the second quarter. LS Investment Advisors LLC now owns 10,433 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 1,230 shares during the last quarter. CrestPoint Capital Management LLC bought a new stake in shares of Weingarten Realty Investors during the second quarter valued at about $1,433,000. Oregon Public Employees Retirement Fund increased its stake in shares of Weingarten Realty Investors by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,418 shares of the real estate investment trust’s stock valued at $1,277,000 after buying an additional 1,824 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Weingarten Realty Investors by 20.5% in the second quarter. Eqis Capital Management Inc. now owns 7,750 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 1,318 shares during the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.
Weingarten Realty Investors (WRI) traded down 0.69% during midday trading on Thursday, reaching $31.45. 241,724 shares of the company’s stock were exchanged. The company has a market cap of $4.04 billion, a P/E ratio of 24.72 and a beta of 0.71. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $43.70. The company has a 50 day moving average price of $30.47 and a 200 day moving average price of $33.14.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. The firm had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities analysts anticipate that Weingarten Realty Investors will post $0.98 EPS for the current year.
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Several brokerages have recently issued reports on WRI. BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. ValuEngine downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC set a $37.00 price target on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Friday, May 26th. Finally, Robert W. Baird upgraded shares of Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.60.
About Weingarten Realty Investors
Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.
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