Oregon Public Employees Retirement Fund raised its position in Weingarten Realty Investors (NYSE:WRI) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,418 shares of the real estate investment trust’s stock after buying an additional 1,824 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Weingarten Realty Investors were worth $1,277,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC acquired a new position in Weingarten Realty Investors during the first quarter worth about $103,000. CT Financial Advisors LLC increased its position in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 18 shares during the last quarter. Pinnacle Bank acquired a new position in Weingarten Realty Investors during the first quarter worth about $138,000. Founders Capital Management purchased a new stake in Weingarten Realty Investors during the first quarter worth $140,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Weingarten Realty Investors during the first quarter worth $203,000. Institutional investors own 79.95% of the company’s stock.
Shares of Weingarten Realty Investors (NYSE WRI) traded down 1.79% on Friday, hitting $32.45. 729,255 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $31.30 and its 200 day moving average price is $32.75. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 21.82 and a beta of 0.72. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $42.12.
Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $142.34 million. During the same period in the prior year, the business earned $0.57 EPS. Weingarten Realty Investors’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Weingarten Realty Investors will post $0.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 104.76%.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co reissued a “neutral” rating and set a $35.00 target price (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. TheStreet raised shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Finally, Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research note on Monday, July 31st. 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.20.
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.
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