Private Wealth Partners LLC bought a new position in shares of Weingarten Realty Investors (NYSE:WRI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 33,700 shares of the real estate investment trust’s stock, valued at approximately $1,070,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in Weingarten Realty Investors by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock worth $33,337,000 after buying an additional 106,378 shares during the period. Legal & General Group Plc lifted its holdings in Weingarten Realty Investors by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 773,142 shares of the real estate investment trust’s stock worth $23,272,000 after buying an additional 60,881 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Weingarten Realty Investors by 37.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 92,739 shares of the real estate investment trust’s stock worth $2,791,000 after buying an additional 25,297 shares during the period. Founders Capital Management lifted its holdings in Weingarten Realty Investors by 15.7% during the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 660 shares during the period. Finally, Northern Trust Corp lifted its holdings in Weingarten Realty Investors by 1.7% during the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after buying an additional 32,085 shares during the period. 80.27% of the stock is currently owned by hedge funds and other institutional investors.

Weingarten Realty Investors (NYSE WRI) traded up $0.18 during mid-day trading on Monday, hitting $32.71. The stock had a trading volume of 615,900 shares, compared to its average volume of 872,639. Weingarten Realty Investors has a 1 year low of $29.03 and a 1 year high of $36.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $4,190.00, a price-to-earnings ratio of 13.41, a PEG ratio of 3.21 and a beta of 0.69.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The firm had revenue of $141.06 million during the quarter, compared to analyst estimates of $139.72 million. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts forecast that Weingarten Realty Investors will post 2.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, December 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 93.90%.

WRI has been the topic of several recent research reports. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a “sell” rating in a report on Monday, July 31st. BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $35.00 target price (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. Finally, TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Weingarten Realty Investors has a consensus rating of “Hold” and a consensus target price of $33.25.

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Weingarten Realty Investors Company 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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Institutional Ownership by Quarter for Weingarten Realty Investors (NYSE:WRI)

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