MetLife Investment Advisors LLC bought a new position in shares of Weingarten Realty Investors (NYSE:WRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,563 shares of the real estate investment trust’s stock, valued at approximately $2,484,000. MetLife Investment Advisors LLC owned approximately 0.06% of Weingarten Realty Investors at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in Weingarten Realty Investors by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 17,547 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 1,670 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of Weingarten Realty Investors by 20.1% in the fourth quarter. Eqis Capital Management Inc. now owns 10,827 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 1,813 shares in the last quarter. Flinton Capital Management LLC increased 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 buying an additional 1,888 shares in the last quarter. Twin Capital Management Inc. increased its holdings in shares of Weingarten Realty Investors by 3.5% in the fourth quarter. Twin Capital Management Inc. now owns 71,930 shares of the real estate investment trust’s stock valued at $2,364,000 after buying an additional 2,450 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Weingarten Realty Investors by 3.4% in the fourth quarter. Thrivent Financial For Lutherans now owns 76,792 shares of the real estate investment trust’s stock valued at $2,524,000 after buying an additional 2,540 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.
NYSE WRI opened at $28.25 on Wednesday. Weingarten Realty Investors has a 1 year low of $25.96 and a 1 year high of $35.62. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3,607.07, a price-to-earnings ratio of 11.53, a P/E/G ratio of 3.20 and a beta of 0.53.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.69. Weingarten Realty Investors had a net margin of 58.81% and a return on equity of 18.88%. The firm had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $140.94 million. analysts anticipate that Weingarten Realty Investors will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th were given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 5.59%. The ex-dividend date was Wednesday, March 7th. Weingarten Realty Investors’s payout ratio is 64.49%.
Several research analysts have issued reports on WRI shares. Boenning Scattergood raised Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a report on Thursday, December 14th. Jefferies Group set a $33.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a report on Friday, December 15th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. SunTrust Banks raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.00.
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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.
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