Retirement Systems of Alabama boosted its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,915 shares of the real estate investment trust’s stock after buying an additional 1,872 shares during the period. Retirement Systems of Alabama’s holdings in Weingarten Realty Investors were worth $6,079,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. CT Financial Advisors LLC raised its stake in Weingarten Realty Investors by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,064 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 14 shares during the period. Sigma Planning Corp purchased a new stake in Weingarten Realty Investors during the second quarter valued at $221,000. Oakbrook Investments LLC purchased a new stake in Weingarten Realty Investors during the second quarter valued at $243,000. LS Investment Advisors LLC raised its stake in Weingarten Realty Investors by 76.1% in the second quarter. LS Investment Advisors LLC now owns 6,984 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 3,018 shares during the period. Finally, BB&T Securities LLC purchased a new stake in Weingarten Realty Investors during the first quarter valued at $387,000. 80.60% of the stock is currently owned by institutional investors.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down 0.19% during mid-day trading on Tuesday, reaching $37.19. The company’s stock had a trading volume of 1,424,818 shares. The company has a market capitalization of $4.75 billion, a PE ratio of 20.06 and a beta of 0.81. The firm’s 50 day moving average is $39.78 and its 200-day moving average is $39.46. Weingarten Realty Investors has a 52-week low of $31.89 and a 52-week high of $43.70.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Weingarten Realty Investors had a return on equity of 14.66% and a net margin of 44.98%. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $129.52 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts forecast that Weingarten Realty Investors will post $2.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 8th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Tuesday, September 6th. Weingarten Realty Investors’s dividend payout ratio is presently 78.49%.
Several analysts have weighed in on the company. Boenning Scattergood began coverage on Weingarten Realty Investors in a report on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 target price on the stock. Citigroup Inc. increased their price objective on Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Jefferies Group began coverage on Weingarten Realty Investors in a research note on Thursday, June 30th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Zacks Investment Research lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th.
In other news, CEO Andrew M. Alexander sold 66,224 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$41.59, for a total value of C$2,754,256.16. Following the sale, the chief executive officer now owns 1,167,577 shares of the company’s stock, valued at approximately C$48,559,527.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen A. Lasher sold 8,287 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$41.75, for a total value of C$345,982.25. Following the completion of the sale, the director now directly owns 203,529 shares in the company, valued at approximately C$8,497,335.75. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.
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. It is engaged in the business of owning, managing and developing retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.
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