AMP Capital Investors Ltd boosted its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 80.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,406 shares of the real estate investment trust’s stock after buying an additional 34,100 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Weingarten Realty Investors worth $2,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WRI. Canada Pension Plan Investment Board increased its position in Weingarten Realty Investors by 46.3% during the second quarter. Canada Pension Plan Investment Board now owns 36,000 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 11,400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Weingarten Realty Investors by 10.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock worth $33,337,000 after buying an additional 106,378 shares during the last quarter. Arizona State Retirement System increased its position in Weingarten Realty Investors by 1.6% during the second quarter. Arizona State Retirement System now owns 49,800 shares of the real estate investment trust’s stock worth $1,499,000 after buying an additional 800 shares during the last quarter. Advisors Asset Management Inc. increased its position in Weingarten Realty Investors by 7.1% during the second quarter. Advisors Asset Management Inc. now owns 15,877 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,052 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in Weingarten Realty Investors by 2.8% during the second quarter. State of Wisconsin Investment Board now owns 23,919 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 660 shares during the last quarter. 79.17% of the stock is currently owned by hedge funds and other institutional investors.

Weingarten Realty Investors (NYSE:WRI) opened at $33.60 on Tuesday. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $36.82. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $4,320.00, a P/E ratio of 13.68, a PEG ratio of 3.44 and a beta of 0.71.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the 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 company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. sell-side analysts expect that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 26th will be paid a $0.75 dividend. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, December 22nd. Weingarten Realty Investors’s payout ratio is 93.90%.

A number of brokerages have weighed in on WRI. Boenning Scattergood raised Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research report on Thursday, December 14th. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 target price on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. J P Morgan Chase & Co decreased their target price on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.50.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/weingarten-realty-investors-wri-holdings-boosted-by-amp-capital-investors-ltd/1772494.html.

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.

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

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.