Fisher Asset Management LLC reduced its stake in Weingarten Realty Investors (NYSE:WRI) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,248 shares of the real estate investment trust’s stock after selling 475 shares during the period. Fisher Asset Management LLC owned 0.08% of Weingarten Realty Investors worth $3,198,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Weingarten Realty Investors by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 78,236 shares of the real estate investment trust’s stock valued at $2,800,000 after buying an additional 6,460 shares during the period. Norges Bank bought a new position in Weingarten Realty Investors during the fourth quarter valued at approximately $37,532,000. Quadrature Capital Ltd bought a new position in Weingarten Realty Investors during the fourth quarter valued at approximately $651,000. RMB Capital Management LLC bought a new position in Weingarten Realty Investors during the fourth quarter valued at approximately $358,000. Finally, CT Financial Advisors LLC increased its position in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 18 shares during the period. 80.28% of the stock is currently owned by hedge funds and other institutional investors.
Weingarten Realty Investors (WRI) opened at 31.04 on Friday. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $43.70. The stock has a 50 day moving average price of $30.50 and a 200 day moving average price of $33.13. The company has a market cap of $3.99 billion, a P/E ratio of 24.40 and a beta of 0.71.
Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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 the consensus estimate of $140.08 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities research analysts anticipate that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.
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Several research analysts have recently commented on WRI shares. Robert W. Baird started coverage on Weingarten Realty Investors in a research note on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, April 24th. TheStreet downgraded Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Boenning Scattergood downgraded Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Finally, ValuEngine downgraded Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company 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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