Ameritas Investment Partners Inc. decreased its position in Weingarten Realty Investors (NYSE:WRI) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,334 shares of the real estate investment trust’s stock after selling 1,990 shares during the period. Ameritas Investment Partners Inc.’s holdings in Weingarten Realty Investors were worth $1,914,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of WRI. Norges Bank bought a new stake in Weingarten Realty Investors during the fourth quarter worth approximately $37,532,000. Capital Research Global Investors boosted its stake in Weingarten Realty Investors by 1,410.8% in the third quarter. Capital Research Global Investors now owns 800,000 shares of the real estate investment trust’s stock worth $31,184,000 after buying an additional 747,048 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Weingarten Realty Investors during the fourth quarter worth approximately $22,946,000. New Capital Management LP bought a new stake in Weingarten Realty Investors during the fourth quarter worth approximately $14,083,000. Finally, Echo Street Capital Management LLC bought a new stake in Weingarten Realty Investors during the third quarter worth approximately $9,892,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.
Weingarten Realty Investors (NYSE:WRI) traded up 0.82% during mid-day trading on Friday, reaching $30.77. The company had a trading volume of 1,725,309 shares. The stock’s 50-day moving average is $33.18 and its 200 day moving average is $34.60. The firm has a market capitalization of $3.95 billion, a P/E ratio of 24.19 and a beta of 0.74. Weingarten Realty Investors has a 12 month low of $29.83 and a 12 month high of $43.70.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. Weingarten Realty Investors had a return on equity of 14.82% and a net margin of 45.71%. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, analysts predict that Weingarten Realty Investors will post $0.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, June 6th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 76.44%.
A number of analysts recently commented on WRI shares. TheStreet cut Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. Jefferies Group LLC reiterated a “hold” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Monday, April 24th. Robert W. Baird started coverage on Weingarten Realty Investors in a research report on Thursday, April 20th. They set an “outperform” rating and a $41.00 price objective for the company. Finally, Boenning Scattergood cut Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.70.
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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