Wendell David Associates Inc. Has $2.34 Million Stake in Weingarten Realty Investors (WRI)

Wendell David Associates Inc. decreased its position in Weingarten Realty Investors (NYSE:WRI) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,623 shares of the real estate investment trust’s stock after selling 1,850 shares during the period. Wendell David Associates Inc. owned about 0.06% of Weingarten Realty Investors worth $2,336,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Weingarten Realty Investors by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the real estate investment trust’s stock worth $927,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Weingarten Realty Investors by 13.4% in the second quarter. LS Investment Advisors LLC now owns 10,433 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 1,230 shares during the period. CrestPoint Capital Management LLC bought a new stake in shares of Weingarten Realty Investors during the second quarter worth $1,433,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Weingarten Realty Investors by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,418 shares of the real estate investment trust’s stock worth $1,277,000 after buying an additional 1,824 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in shares of Weingarten Realty Investors by 20.5% in the second quarter. Eqis Capital Management Inc. now owns 7,750 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 1,318 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Shares of Weingarten Realty Investors (WRI) traded up 0.593% during midday trading on Tuesday, hitting $31.365. 665,334 shares of the stock were exchanged. The company has a market cap of $4.03 billion, a PE ratio of 24.658 and a beta of 0.71. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $43.70. The firm has a 50-day moving average price of $30.61 and a 200-day moving average price of $33.61.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $140.82 million for 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 period last year, the firm posted $0.57 EPS. On average, equities analysts predict that Weingarten Realty Investors will post $0.98 EPS for the current year.

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A number of brokerages recently weighed in on WRI. BidaskClub raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research cut shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Robert W. Baird began coverage on shares of Weingarten Realty Investors in a research report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price target for the company. Boenning Scattergood cut shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday, May 15th. Finally, TheStreet cut shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.60.

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.

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

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