First Trust Advisors LP Decreases Stake in Weingarten Realty Investors (WRI)

First Trust Advisors LP lowered its position in Weingarten Realty Investors (NYSE:WRI) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,721 shares of the real estate investment trust’s stock after selling 42,802 shares during the period. First Trust Advisors LP owned 0.08% of Weingarten Realty Investors worth $3,229,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock worth $160,839,000 after acquiring an additional 88,325 shares in the last quarter. Cbre Clarion Securities LLC raised its position in shares of Weingarten Realty Investors by 3.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock worth $81,067,000 after acquiring an additional 80,583 shares in the last quarter. Northern Trust Corp raised its position in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after acquiring an additional 32,085 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Weingarten Realty Investors by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,718,642 shares of the real estate investment trust’s stock worth $51,733,000 after acquiring an additional 73,476 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Weingarten Realty Investors by 7.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,147,235 shares of the real estate investment trust’s stock worth $34,532,000 after acquiring an additional 81,749 shares in the last quarter. 78.52% of the stock is owned by hedge funds and other institutional investors.

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Shares of Weingarten Realty Investors (NYSE:WRI) opened at $33.09 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $4,250.00, a P/E ratio of 13.65, a P/E/G ratio of 3.32 and a beta of 0.69. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $36.82.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. analysts forecast that Weingarten Realty Investors will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.65%. Weingarten Realty Investors’s payout ratio is currently 93.90%.

Several brokerages have recently issued reports on WRI. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, J P Morgan Chase & Co cut their price target on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.25.

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. 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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