Russell Investments Group Ltd. trimmed its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 29.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 555,977 shares of the real estate investment trust’s stock after selling 234,673 shares during the period. Russell Investments Group Ltd. owned about 0.43% of Weingarten Realty Investors worth $7,991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Engrave Wealth Partners LLC purchased a new stake in Weingarten Realty Investors in the 4th quarter worth about $34,000. TRUE Private Wealth Advisors purchased a new stake in Weingarten Realty Investors in the 4th quarter worth about $34,000. Advisory Services Network LLC grew its holdings in Weingarten Realty Investors by 37.5% during the 4th quarter. Advisory Services Network LLC now owns 2,055 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 560 shares in the last quarter. Advisor Group Inc. grew its holdings in Weingarten Realty Investors by 51.8% during the 4th quarter. Advisor Group Inc. now owns 2,284 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 779 shares in the last quarter. Finally, Neo Ivy Capital Management grew its holdings in shares of Weingarten Realty Investors by 1,295.6% during the fourth quarter. Neo Ivy Capital Management now owns 2,554 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 2,371 shares in the last quarter. 81.65% of the stock is owned by institutional investors.

In other news, Director Stephen A. Lasher purchased 10,000 shares of Weingarten Realty Investors stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $22.89 per share, with a total value of $228,900.00. Following the completion of the purchase, the director now directly owns 117,692 shares in the company, valued at $2,693,969.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

WRI has been the subject of a number of recent research reports. BTIG Research dropped their target price on Weingarten Realty Investors from $32.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. downgraded Weingarten Realty Investors from a “neutral” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research report on Wednesday, April 22nd. ValuEngine downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st. Finally, Wells Fargo & Co decreased their target price on Weingarten Realty Investors from $32.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.21.

Shares of WRI stock opened at $17.76 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 3.83 and a beta of 1.38. The business’s fifty day moving average is $15.81 and its 200 day moving average is $25.40. Weingarten Realty Investors has a twelve month low of $12.21 and a twelve month high of $32.17. The company has a quick ratio of 6.85, a current ratio of 6.85 and a debt-to-equity ratio of 1.19.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The firm had revenue of $108.05 million during the quarter, compared to analysts’ expectations of $116.94 million. Weingarten Realty Investors had a return on equity of 17.23% and a net margin of 67.05%. Weingarten Realty Investors’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Equities research analysts expect that Weingarten Realty Investors will post 1.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Monday, June 8th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 4.05%. Weingarten Realty Investors’s payout ratio is 75.24%.

Weingarten Realty Investors Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 177 properties which are located in 17 states spanning the country from coast to coast.

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Institutional Ownership by Quarter for Weingarten Realty Investors (NYSE:WRI)

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