Los Angeles Capital Management & Equity Research Inc. Trims Holdings in Weingarten Realty Investors (WRI)
Los Angeles Capital Management & Equity Research Inc. reduced its position in shares of Weingarten Realty Investors (NYSE:WRI) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,746 shares of the real estate investment trust’s stock after selling 24,760 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Weingarten Realty Investors were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WRI. Macquarie Group Ltd. increased its holdings in Weingarten Realty Investors by 62.8% during the 2nd quarter. Macquarie Group Ltd. now owns 674,786 shares of the real estate investment trust’s stock worth $20,311,000 after purchasing an additional 260,180 shares during the period. Sei Investments Co. increased its holdings in Weingarten Realty Investors by 50.4% during the 3rd quarter. Sei Investments Co. now owns 480,687 shares of the real estate investment trust’s stock worth $15,257,000 after purchasing an additional 161,019 shares during the period. Russell Investments Group Ltd. increased its holdings in Weingarten Realty Investors by 21.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 788,537 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 137,640 shares during the period. Renaissance Technologies LLC increased its holdings in Weingarten Realty Investors by 215.6% during the 1st quarter. Renaissance Technologies LLC now owns 185,232 shares of the real estate investment trust’s stock worth $6,185,000 after purchasing an additional 126,532 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Weingarten Realty Investors by 10.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock valued at $33,337,000 after acquiring an additional 106,378 shares during the period. Institutional investors own 78.52% of the company’s stock.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down $0.16 during trading hours on Friday, hitting $33.20. The stock had a trading volume of 235,278 shares, compared to its average volume of 727,218. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The stock has a market cap of $4,263.84, a P/E ratio of 13.61, a PEG ratio of 3.31 and a beta of 0.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The business had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same period last year, the business posted $0.58 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. sell-side analysts forecast that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.54 annualized dividend and a yield of 4.64%. Weingarten Realty Investors’s dividend payout ratio (DPR) is 94.48%.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $35.00 price target (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.25.
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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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