Weingarten Realty Investors (NYSE:WRI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in Weingarten Realty Investors (NYSE:WRI) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,894 shares of the real estate investment trust’s stock after selling 61,921 shares during the quarter. Ameriprise Financial Inc. owned 0.35% of Weingarten Realty Investors worth $13,543,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WRI. Wells Fargo & Company MN lifted its stake in Weingarten Realty Investors by 22.1% in the first quarter. Wells Fargo & Company MN now owns 37,816 shares of the real estate investment trust’s stock valued at $1,262,000 after buying an additional 6,832 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Weingarten Realty Investors by 4.0% during the first quarter. UBS Asset Management Americas Inc. now owns 388,178 shares of the real estate investment trust’s stock valued at $12,961,000 after purchasing an additional 14,982 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Weingarten Realty Investors during the first quarter valued at about $766,000. Parametric Portfolio Associates LLC raised its stake in shares of Weingarten Realty Investors by 1.5% during the first quarter. Parametric Portfolio Associates LLC now owns 136,111 shares of the real estate investment trust’s stock valued at $4,545,000 after purchasing an additional 2,003 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Weingarten Realty Investors by 41.4% during the first quarter. JPMorgan Chase & Co. now owns 252,291 shares of the real estate investment trust’s stock valued at $8,423,000 after purchasing an additional 73,845 shares in the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have commented on WRI. J P Morgan Chase & Co reissued a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, BidaskClub upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.50.

Weingarten Realty Investors (WRI) opened at 32.17 on Tuesday. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 21.63 and a beta of 0.72. The stock’s 50 day moving average price is $32.20 and its 200-day moving average price is $31.96. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $38.82.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The business had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Weingarten Realty Investors will post $0.99 EPS for the current fiscal year.

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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