Weingarten Realty Investors (WRI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in Weingarten Realty Investors (NYSE:WRI) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001,131 shares of the real estate investment trust’s stock after buying an additional 69,572 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Weingarten Realty Investors were worth $33,428,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Amalgamated Bank increased its position in Weingarten Realty Investors by 3.0% in the first quarter. Amalgamated Bank now owns 18,478 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 544 shares during the period. BlackRock Inc. boosted its stake in shares of Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after buying an additional 17,956,849 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Weingarten Realty Investors by 215.6% in the first quarter. Renaissance Technologies LLC now owns 185,232 shares of the real estate investment trust’s stock worth $6,185,000 after buying an additional 126,532 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Weingarten Realty Investors by 1,305.0% in the first quarter. Citadel Advisors LLC now owns 415,811 shares of the real estate investment trust’s stock worth $13,884,000 after buying an additional 386,215 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Weingarten Realty Investors by 199.5% in the first quarter. UBS Group AG now owns 233,865 shares of the real estate investment trust’s stock worth $7,809,000 after buying an additional 155,779 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Weingarten Realty Investors (NYSE:WRI) traded down 2.44% during midday trading on Monday, reaching $30.00. 1,593,174 shares of the company were exchanged. The stock has a 50-day moving average price of $31.31 and a 200 day moving average price of $33.98. Weingarten Realty Investors has a 52-week low of $29.47 and a 52-week high of $43.70. The company has a market capitalization of $3.85 billion, a P/E ratio of 23.58 and a beta of 0.72.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Weingarten Realty Investors had a net margin of 29.16% and a return on equity of 9.53%. During the same quarter in the previous year, the firm posted $0.57 EPS. Equities research analysts expect that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date was Tuesday, June 6th. Weingarten Realty Investors’s dividend payout ratio is currently 122.22%.

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A number of brokerages recently issued reports on WRI. BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC set a $37.00 price objective on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a report on Friday, May 26th. Robert W. Baird upgraded shares of Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 16th. Finally, Boenning Scattergood cut shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus 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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