ING Groep NV increased its position in Weingarten Realty Investors (NYSE:WRI) by 77.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,208 shares of the real estate investment trust’s stock after purchasing an additional 7,940 shares during the period. ING Groep NV’s holdings in Weingarten Realty Investors were worth $542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Weingarten Realty Investors by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 522,358 shares of the real estate investment trust’s stock worth $14,668,000 after purchasing an additional 13,297 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Weingarten Realty Investors by 23.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,597 shares of the real estate investment trust’s stock worth $573,000 after acquiring an additional 3,500 shares during the period. Bank of Montreal Can purchased a new stake in Weingarten Realty Investors in the 2nd quarter worth approximately $2,782,000. Nisa Investment Advisors LLC purchased a new stake in Weingarten Realty Investors in the 2nd quarter worth approximately $2,490,000. Finally, Hartford Investment Management Co. purchased a new stake in Weingarten Realty Investors in the 2nd quarter worth approximately $240,000. Institutional investors own 77.03% of the company’s stock.

Several research firms have commented on WRI. Zacks Investment Research cut shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Weingarten Realty Investors from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Jefferies Financial Group set a $30.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Wednesday, August 15th. Citigroup set a $29.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Co lifted their target price on shares of Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Weingarten Realty Investors presently has an average rating of “Hold” and a consensus target price of $31.17.

WRI stock opened at $28.09 on Wednesday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.72 and a beta of 0.46. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.27 and a quick ratio of 1.27. Weingarten Realty Investors has a one year low of $25.67 and a one year high of $33.83.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $126.36 million. Weingarten Realty Investors had a net margin of 80.35% and a return on equity of 22.88%. As a group, sell-side analysts expect that Weingarten Realty Investors will post 2.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be issued a $0.395 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.62%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 64.49%.

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Weingarten Realty Investors Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2018, 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 190 properties which are located in 17 states spanning the country from coast to coast.

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

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