Nomura Asset Management Co. Ltd. increased its holdings in Weingarten Realty Investors (NYSE:WRI) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,980 shares of the real estate investment trust’s stock after buying an additional 4,170 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Weingarten Realty Investors worth $2,049,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Centersquare Investment Management LLC acquired a new stake in Weingarten Realty Investors during the 1st quarter worth approximately $101,600,000. BlackRock Inc. boosted its holdings in Weingarten Realty Investors by 4.8% in the 4th quarter. BlackRock Inc. now owns 15,810,270 shares of the real estate investment trust’s stock worth $519,684,000 after acquiring an additional 717,876 shares during the period. Bank of New York Mellon Corp boosted its holdings in Weingarten Realty Investors by 15.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,414,685 shares of the real estate investment trust’s stock worth $145,111,000 after acquiring an additional 574,927 shares during the period. American Century Companies Inc. purchased a new position in shares of Weingarten Realty Investors during the 1st quarter valued at approximately $13,780,000. Finally, Citadel Advisors LLC boosted its stake in shares of Weingarten Realty Investors by 256.8% during the 4th quarter. Citadel Advisors LLC now owns 667,725 shares of the real estate investment trust’s stock valued at $21,948,000 after buying an additional 480,578 shares during the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock.
Weingarten Realty Investors stock opened at $30.81 on Friday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 4.20 and a beta of 0.56. Weingarten Realty Investors has a 52 week low of $25.67 and a 52 week high of $33.83. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.01.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.28). The company had revenue of $132.45 million during the quarter, compared to the consensus estimate of $131.46 million. Weingarten Realty Investors had a net margin of 80.74% and a return on equity of 24.66%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. research analysts anticipate that Weingarten Realty Investors will post 2.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 8th were given a dividend of $0.395 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.58 annualized dividend and a dividend yield of 5.13%. Weingarten Realty Investors’s dividend payout ratio is currently 64.49%.
Several equities analysts recently issued reports on WRI shares. UBS Group cut Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 17th. Boenning Scattergood reissued a “hold” rating on shares of Weingarten Realty Investors in a report on Thursday, April 26th. JPMorgan Chase & Co. lowered their price target on Weingarten Realty Investors from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, April 26th. Finally, ValuEngine lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Weingarten Realty Investors presently has an average rating of “Hold” and an average price target of $31.17.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 31, 2017, 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 204 properties which are located in 17 states spanning the country from coast to coast.
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