Weingarten Realty Investors (NYSE:WRI) is New Capital Management LP’s 2nd Largest Position
New Capital Management LP held its position in Weingarten Realty Investors (NYSE:WRI) during the second quarter, Holdings Channel reports. The firm owned 397,682 shares of the real estate investment trust’s stock at the end of the second quarter. Weingarten Realty Investors accounts for 24.3% of New Capital Management LP’s portfolio, making the stock its 2nd largest position. New Capital Management LP owned about 0.31% of Weingarten Realty Investors worth $13,279,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of WRI. AQR Capital Management LLC raised 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 worth $2,800,000 after buying an additional 6,460 shares in the last quarter. Norges Bank purchased a new position in Weingarten Realty Investors during the fourth quarter worth $37,532,000. Quadrature Capital Ltd purchased a new position in Weingarten Realty Investors during the fourth quarter worth $651,000. RMB Capital Management LLC purchased a new position in Weingarten Realty Investors during the fourth quarter worth $358,000. Finally, CT Financial Advisors LLC raised 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 worth $137,000 after buying an additional 18 shares in the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.
Weingarten Realty Investors (WRI) traded up 0.45% during trading on Wednesday, hitting $31.47. 129,074 shares of the stock traded hands. The firm’s 50-day moving average is $30.42 and its 200 day moving average is $33.15. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $43.70. The stock has a market cap of $4.04 billion, a P/E ratio of 24.74 and a beta of 0.71.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. During the same quarter in the previous year, the business posted $0.57 EPS. Equities research analysts forecast that Weingarten Realty Investors will post $0.98 earnings per share for the current fiscal year.
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WRI has been the subject of a number of analyst reports. Robert W. Baird initiated coverage on shares of Weingarten Realty Investors in a research report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and issued a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Monday, April 24th. TheStreet lowered shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. Boenning Scattergood lowered shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday, May 15th. Finally, ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company 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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