Nuveen Asset Management LLC Has $1.17 Million Stake in Weingarten Realty Investors (WRI)

Nuveen Asset Management LLC reduced its position in Weingarten Realty Investors (NYSE:WRI) by 94.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 35,150 shares of the real estate investment trust’s stock after selling 582,632 shares during the period. Nuveen Asset Management LLC’s holdings in Weingarten Realty Investors were worth $1,174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Weingarten Realty Investors by 3.2% in the first quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock worth $646,604,000 after buying an additional 597,565 shares during the last quarter. BlackRock Inc. boosted its position in Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock valued at $617,261,000 after buying an additional 17,956,849 shares in the last quarter. State Street Corp boosted its position in Weingarten Realty Investors by 1.6% in the first quarter. State Street Corp now owns 5,255,457 shares of the real estate investment trust’s stock valued at $175,474,000 after buying an additional 84,123 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Weingarten Realty Investors by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,645,166 shares of the real estate investment trust’s stock valued at $54,931,000 after buying an additional 10,141 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its position in Weingarten Realty Investors by 1.6% in the first quarter. Hermes Investment Management Ltd. now owns 1,286,369 shares of the real estate investment trust’s stock valued at $42,952,000 after buying an additional 20,004 shares in the last quarter. Institutional investors own 80.28% of the company’s stock.

Weingarten Realty Investors (WRI) opened at 31.04 on Friday. The company has a market cap of $3.99 billion, a PE ratio of 24.40 and a beta of 0.71. The firm’s 50-day moving average is $30.50 and its 200 day moving average is $33.13. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $43.70.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. During the same quarter last year, the company earned $0.57 earnings per share. Analysts predict that Weingarten Realty Investors will post $0.98 earnings per share for the current fiscal year.

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WRI has been the topic of several research analyst reports. TheStreet cut shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Jefferies Group LLC restated a “hold” rating and set a $37.00 target price on shares of Weingarten Realty Investors in a research note on Monday, April 24th. ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Weingarten Realty Investors has a consensus rating of “Hold” and an average target price of $40.60.

Weingarten Realty Investors Company Profile

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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