JPMorgan Chase & Co. Has $8.30 Million Position in Weingarten Realty Investors (WRI)

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JPMorgan Chase & Co. increased its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 36.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,911 shares of the real estate investment trust’s stock after buying an additional 74,745 shares during the quarter. JPMorgan Chase & Co. owned about 0.22% of Weingarten Realty Investors worth $8,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WRI. Bank of New York Mellon Corp raised its holdings in shares of Weingarten Realty Investors by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,838,402 shares of the real estate investment trust’s stock valued at $84,470,000 after buying an additional 10,908 shares during the period. Unigestion Holding SA purchased a new stake in shares of Weingarten Realty Investors during the 3rd quarter valued at about $1,336,000. Janus Henderson Group PLC purchased a new stake in shares of Weingarten Realty Investors during the 3rd quarter valued at about $443,000. Dimensional Fund Advisors LP raised its holdings in shares of Weingarten Realty Investors by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,906,051 shares of the real estate investment trust’s stock valued at $56,721,000 after buying an additional 5,863 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Weingarten Realty Investors by 18.0% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 105,386 shares of the real estate investment trust’s stock valued at $3,136,000 after buying an additional 16,050 shares during the period. Hedge funds and other institutional investors own 77.33% of the company’s stock.

Shares of NYSE WRI opened at $29.81 on Wednesday. Weingarten Realty Investors has a fifty-two week low of $23.80 and a fifty-two week high of $32.02. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.95 and a beta of 0.76.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. ValuEngine lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Capital One Financial upgraded Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. Citigroup set a $29.00 price objective on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $28.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, December 17th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.83.

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Weingarten Realty Investors Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 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 185 properties which are located in 17 states spanning the country from coast to coast.

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Want to see what other hedge funds are holding WRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weingarten Realty Investors (NYSE:WRI).

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

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