Bank of New York Mellon Corp Has $121.87 Million Stake in Weingarten Realty Investors (WRI)

Bank of New York Mellon Corp increased its position in Weingarten Realty Investors (NYSE:WRI) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,839,758 shares of the real estate investment trust’s stock after buying an additional 160,463 shares during the period. Bank of New York Mellon Corp owned about 2.99% of Weingarten Realty Investors worth $121,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WRI. Howe & Rusling Inc. increased its position in Weingarten Realty Investors by 913.7% during the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 3,198 shares during the last quarter. Commonwealth Bank of Australia increased its position in Weingarten Realty Investors by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 176 shares during the last quarter. Advisor Group Inc. increased its position in Weingarten Realty Investors by 13.9% during the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 599 shares during the last quarter. Flinton Capital Management LLC increased its position in Weingarten Realty Investors by 80.8% during the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in Weingarten Realty Investors by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 2,824 shares during the last quarter. 78.52% of the stock is owned by institutional investors and hedge funds.

WRI has been the subject of several research analyst reports. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Finally, Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $33.25.

Shares of Weingarten Realty Investors (WRI) opened at $33.36 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $36.82. The stock has a market cap of $4,310.06, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 3.34 and a beta of 0.68.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.385 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.54 annualized dividend and a yield of 4.62%. Weingarten Realty Investors’s dividend payout ratio is currently 94.48%.

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Weingarten Realty Investors 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.

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

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