Teachers Insurance & Annuity Association of America reduced its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,216 shares of the real estate investment trust’s stock after selling 1,604 shares during the period. Teachers Insurance & Annuity Association of America owned 0.09% of Weingarten Realty Investors worth $3,981,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC purchased a new position in Weingarten Realty Investors during the fourth quarter valued at approximately $118,000. CT Financial Advisors LLC increased 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 valued at $137,000 after buying an additional 18 shares in the last quarter. Pinnacle Bank purchased a new position in Weingarten Realty Investors during the first quarter valued at approximately $138,000. Founders Capital Management purchased a new position in Weingarten Realty Investors during the first quarter valued at approximately $140,000. Finally, Tocqueville Asset Management L.P. increased its position in Weingarten Realty Investors by 6.7% in the first quarter. Tocqueville Asset Management L.P. now owns 6,400 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down 0.67% during trading on Tuesday, hitting $29.80. The stock had a trading volume of 1,370,390 shares. The firm has a 50-day moving average price of $31.23 and a 200 day moving average price of $33.92. The company has a market capitalization of $3.83 billion, a PE ratio of 23.43 and a beta of 0.72. Weingarten Realty Investors has a 52 week low of $29.41 and a 52 week high of $43.70.
Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts anticipate that Weingarten Realty Investors will post $0.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Tuesday, June 6th. Weingarten Realty Investors’s payout ratio is 122.22%.
Several equities analysts have commented on the company. Robert W. Baird assumed coverage on Weingarten Realty Investors in a research report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 target price for the company. Boenning Scattergood downgraded Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday, May 15th. TheStreet downgraded Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC set a $37.00 price objective on Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus price target 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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