Wendell David Associates Inc. cut its position in shares of Weingarten Realty Investors (NYSE:WRI) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,623 shares of the real estate investment trust’s stock after selling 1,850 shares during the period. Wendell David Associates Inc. owned approximately 0.06% of Weingarten Realty Investors worth $2,336,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position 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 worth $927,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC raised its position 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 worth $314,000 after buying an additional 1,230 shares during the period. CrestPoint Capital Management LLC bought a new position in shares of Weingarten Realty Investors during the second quarter worth approximately $1,433,000. Oregon Public Employees Retirement Fund raised its position 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 worth $1,277,000 after buying an additional 1,824 shares during the period. Finally, Eqis Capital Management Inc. raised its position 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 worth $233,000 after buying an additional 1,318 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.
Weingarten Realty Investors (WRI) opened at 32.66 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 21.95 and a beta of 0.72. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $42.79. The firm’s 50 day moving average is $30.82 and its 200-day moving average is $32.88.
Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Thursday, July 27th. 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 firm had revenue of $142.96 million during the quarter, compared to the consensus estimate of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts forecast that Weingarten Realty Investors will post $0.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a $0.385 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.72%. Weingarten Realty Investors’s payout ratio is 104.76%.
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A number of research analysts recently commented on the stock. BidaskClub upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Wednesday. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC set a $37.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.60.
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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