Dimensional Fund Advisors LP Decreases Stake in Weingarten Realty Investors (WRI)

Dimensional Fund Advisors LP reduced its holdings in Weingarten Realty Investors (NYSE:WRI) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,904,082 shares of the real estate investment trust’s stock after selling 1,969 shares during the period. Dimensional Fund Advisors LP owned approximately 1.48% of Weingarten Realty Investors worth $47,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Utah Retirement Systems raised its stake in Weingarten Realty Investors by 1.6% during the fourth quarter. Utah Retirement Systems now owns 32,412 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 500 shares during the period. Raymond James & Associates raised its stake in Weingarten Realty Investors by 4.9% during the fourth quarter. Raymond James & Associates now owns 11,446 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 538 shares during the period. Ramsey Quantitative Systems raised its stake in Weingarten Realty Investors by 6.7% during the fourth quarter. Ramsey Quantitative Systems now owns 11,462 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 722 shares during the period. Retirement Systems of Alabama raised its stake in Weingarten Realty Investors by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 154,731 shares of the real estate investment trust’s stock worth $3,839,000 after purchasing an additional 804 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Weingarten Realty Investors by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 51,871 shares of the real estate investment trust’s stock worth $1,285,000 after purchasing an additional 961 shares during the period. 79.01% of the stock is currently owned by hedge funds and other institutional investors.

WRI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $28.00 target price on shares of Weingarten Realty Investors in a research note on Monday, December 17th. ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Bank of America downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. Finally, Capital One Financial raised shares of Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.60.

Weingarten Realty Investors stock opened at $29.39 on Tuesday. The company has a market capitalization of $3.78 billion, a PE ratio of 12.89, a P/E/G ratio of 3.03 and a beta of 0.74. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.02. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.03.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $127.81 million during the quarter, compared to analysts’ expectations of $123.99 million. Weingarten Realty Investors had a net margin of 61.68% and a return on equity of 17.27%. Weingarten Realty Investors’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, research analysts forecast that Weingarten Realty Investors will post 2.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Thursday, March 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is 69.30%.

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Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 31, 2018, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 178 properties which are located in 17 states spanning the country from coast to coast.

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

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