Weingarten Realty Investors (NYSE:WRI) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lessened its position in Weingarten Realty Investors (NYSE:WRI) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,930 shares of the real estate investment trust’s stock after selling 376 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Weingarten Realty Investors were worth $814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WRI. BlackRock Inc. increased its holdings in Weingarten Realty Investors by 3,391.0% in the 1st quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after purchasing an additional 17,956,849 shares in the last quarter. Vanguard Group Inc. increased its holdings in Weingarten Realty Investors by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock worth $646,604,000 after purchasing an additional 597,565 shares in the last quarter. Bank of America Corp DE increased its holdings in Weingarten Realty Investors by 47.6% in the 1st quarter. Bank of America Corp DE now owns 1,239,817 shares of the real estate investment trust’s stock worth $41,397,000 after purchasing an additional 399,978 shares in the last quarter. Citadel Advisors LLC increased its holdings in Weingarten Realty Investors by 1,305.0% in the 1st quarter. Citadel Advisors LLC now owns 415,811 shares of the real estate investment trust’s stock worth $13,884,000 after purchasing an additional 386,215 shares in the last quarter. Finally, UBS Group AG increased its holdings in Weingarten Realty Investors by 199.5% in the 1st quarter. UBS Group AG now owns 233,865 shares of the real estate investment trust’s stock worth $7,809,000 after purchasing an additional 155,779 shares in the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on WRI. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $35.00 target price (down previously from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report 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 research report on Monday, July 31st. Finally, Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.40.

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Shares of Weingarten Realty Investors (NYSE WRI) opened at 31.76 on Friday. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $40.51. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 21.36 and a beta of 0.72. The firm has a 50 day moving average price of $32.51 and a 200-day moving average price of $32.07.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were issued a $0.385 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.85%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

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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