Northwestern Mutual Investment Management Company LLC reduced its position in shares of Weingarten Realty Investors (NYSE:WRI) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,930 shares of the real estate investment trust’s stock after selling 376 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Weingarten Realty Investors were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Parlapiano Turner & Welch LLC purchased a new position in Weingarten Realty Investors during the 1st quarter worth $103,000. Founders Capital Management purchased a new position in Weingarten Realty Investors during the 1st quarter worth $140,000. Westwood Holdings Group Inc. purchased a new position in Weingarten Realty Investors during the 1st quarter worth $203,000. Tocqueville Asset Management L.P. increased its holdings in Weingarten Realty Investors by 6.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 6,400 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 400 shares during the period. Finally, Eqis Capital Management Inc. increased its holdings in Weingarten Realty Investors by 12.0% during the 1st quarter. Eqis Capital Management Inc. now owns 6,432 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 687 shares during the period. Institutional investors own 80.28% of the company’s stock.
Several research analysts have commented on WRI shares. Jefferies Group LLC set a $37.00 price objective on Weingarten Realty Investors and gave the stock a “hold” rating in a report on Friday, May 26th. ValuEngine downgraded Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Boenning Scattergood set a $30.00 price objective on Weingarten Realty Investors and gave the stock a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.40.
Shares of Weingarten Realty Investors (NYSE:WRI) traded up 0.81% during mid-day trading on Friday, reaching $33.46. The company’s stock had a trading volume of 1,569,811 shares. The stock has a 50 day moving average of $32.51 and a 200-day moving average of $32.15. The stock has a market cap of $4.30 billion, a P/E ratio of 22.50 and a beta of 0.72. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $40.51.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $142.34 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’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.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.
Weingarten Realty Investors Profile
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.
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