Public Employees Retirement System of Ohio Buys 7,457 Shares of Weingarten Realty Investors (NYSE:WRI)

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Public Employees Retirement System of Ohio grew its stake in Weingarten Realty Investors (NYSE:WRI) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,136 shares of the real estate investment trust’s stock after buying an additional 7,457 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Weingarten Realty Investors worth $5,655,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new stake in Weingarten Realty Investors in the 2nd quarter valued at $37,000. Benjamin F. Edwards & Company Inc. boosted its stake in Weingarten Realty Investors by 116.7% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 700 shares during the last quarter. Advisory Services Network LLC grew its holdings in Weingarten Realty Investors by 32.9% during the 2nd quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Weingarten Realty Investors by 394.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,167 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 1,729 shares in the last quarter. Finally, Founders Capital Management increased its stake in Weingarten Realty Investors by 29.8% in the 3rd quarter. Founders Capital Management now owns 8,501 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,950 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

WRI opened at $31.67 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.94. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 4.97 and a beta of 0.63. Weingarten Realty Investors has a 12 month low of $23.80 and a 12 month high of $32.17. The stock has a fifty day moving average price of $30.85 and a 200-day moving average price of $28.66.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.30. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The company had revenue of $117.38 million for the quarter, compared to the consensus estimate of $117.85 million. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Weingarten Realty Investors will post 2.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Thursday, December 5th. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.

Several equities research analysts have recently issued reports on WRI shares. Compass Point raised Weingarten Realty Investors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $33.00 in a research note on Monday, November 25th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Weingarten Realty Investors has an average rating of “Hold” and a consensus price target of $30.50.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 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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