State of Alaska Department of Revenue trimmed its position in Weingarten Realty Investors (NYSE:WRI) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,653 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. State of Alaska Department of Revenue’s holdings in Weingarten Realty Investors were worth $2,175,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Flinton Capital Management LLC lifted its holdings in shares of Weingarten Realty Investors by 29.9% in the fourth quarter. Flinton Capital Management LLC now owns 8,192 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 1,888 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Weingarten Realty Investors by 8.1% in the first quarter. Hsbc Holdings PLC now owns 26,148 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 1,960 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Weingarten Realty Investors by 3.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,758 shares of the real estate investment trust’s stock valued at $1,762,000 after purchasing an additional 2,160 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Weingarten Realty Investors by 17.8% in the first quarter. Daiwa Securities Group Inc. now owns 15,200 shares of the real estate investment trust’s stock valued at $427,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in shares of Weingarten Realty Investors by 29.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 11,264 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 2,596 shares during the last quarter. Institutional investors own 77.15% of the company’s stock.
Get Weingarten Realty Investors alerts:NYSE:WRI opened at $30.25 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $3.86 billion, a P/E ratio of 12.35, a P/E/G ratio of 3.63 and a beta of 0.54. Weingarten Realty Investors has a 52-week low of $25.67 and a 52-week high of $33.83.
Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.29 earnings per share (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 analyst estimates of $131.46 million. Weingarten Realty Investors had a net margin of 80.74% and a return on equity of 24.66%. Weingarten Realty Investors’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. analysts anticipate that Weingarten Realty Investors will post 2.31 earnings per share for the current year.
A number of analysts recently issued reports on the company. ValuEngine downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Monday, June 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of Weingarten Realty Investors in a research report on Thursday, April 26th. Finally, JPMorgan Chase & Co. lowered their target price on Weingarten Realty Investors from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.17.
Weingarten Realty Investors 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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