Weingarten Realty (WRI) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Weingarten Realty (NYSE:WRI) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,758 shares of the real estate investment trust’s stock after acquiring an additional 2,160 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weingarten Realty were worth $1,762,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WRI. BlackRock Inc. raised its holdings in Weingarten Realty by 4.8% during the fourth quarter. BlackRock Inc. now owns 15,810,270 shares of the real estate investment trust’s stock valued at $519,684,000 after acquiring an additional 717,876 shares during the period. Bank of New York Mellon Corp raised its holdings in Weingarten Realty by 15.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,414,685 shares of the real estate investment trust’s stock valued at $145,111,000 after acquiring an additional 574,927 shares during the period. Citadel Advisors LLC raised its holdings in Weingarten Realty by 256.8% during the fourth quarter. Citadel Advisors LLC now owns 667,725 shares of the real estate investment trust’s stock valued at $21,948,000 after acquiring an additional 480,578 shares during the period. First Quadrant L P CA bought a new stake in Weingarten Realty during the fourth quarter valued at about $14,486,000. Finally, Millennium Management LLC raised its holdings in Weingarten Realty by 41.1% during the fourth quarter. Millennium Management LLC now owns 968,489 shares of the real estate investment trust’s stock valued at $31,834,000 after acquiring an additional 281,977 shares during the period. 82.11% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on WRI. Zacks Investment Research cut Weingarten Realty from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. TheStreet cut Weingarten Realty from a “b-” rating to a “c+” rating in a report on Thursday, February 15th. ValuEngine cut Weingarten Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood reissued a “hold” rating on shares of Weingarten Realty in a report on Thursday, April 26th. Finally, SunTrust Banks raised Weingarten Realty from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Weingarten Realty currently has an average rating of “Hold” and a consensus target price of $31.17.
Weingarten Realty (NYSE:WRI) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.69. The firm had revenue of $135.80 million during the quarter, compared to analyst estimates of $140.94 million. Weingarten Realty had a return on equity of 24.66% and a net margin of 80.74%. analysts anticipate that Weingarten Realty will post 2.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 8th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.82%. Weingarten Realty’s payout ratio is 64.49%.
About Weingarten Realty
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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