OppenheimerFunds Inc. purchased a new stake in Weingarten Realty Investors (NYSE:WRI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,749 shares of the real estate investment trust’s stock, valued at approximately $1,011,000.
Other large investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Weingarten Realty Investors during the 3rd quarter valued at approximately $214,000. Lourd Capital LLC acquired a new stake in Weingarten Realty Investors during the 4th quarter valued at approximately $233,000. Timber Hill LLC acquired a new stake in Weingarten Realty Investors during the 3rd quarter valued at approximately $246,000. GSA Capital Partners LLP acquired a new stake in Weingarten Realty Investors during the 3rd quarter valued at approximately $313,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Weingarten Realty Investors during the 3rd quarter valued at approximately $317,000. Institutional investors and hedge funds own 78.37% of the company’s stock.
NYSE:WRI traded down $0.45 on Friday, reaching $27.94. 715,138 shares of the company’s stock were exchanged, compared to its average volume of 960,214. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $3,589.09, a PE ratio of 11.40, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53. Weingarten Realty Investors has a 52-week low of $25.96 and a 52-week high of $35.62.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $135.80 million for the quarter, compared to analyst estimates of $140.94 million. analysts expect that Weingarten Realty Investors will post 2.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 8th were paid a dividend of $0.395 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.65%. Weingarten Realty Investors’s payout ratio is 64.49%.
Several equities analysts have recently weighed in on the stock. Bank of America raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, March 1st. Citigroup cut their price target on shares of Weingarten Realty Investors from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Jefferies Group reissued a “hold” rating and issued a $29.00 price target on shares of Weingarten Realty Investors in a report on Tuesday, February 27th. Boenning Scattergood reissued a “hold” rating on shares of Weingarten Realty Investors in a report on Friday, February 23rd. Finally, Capital One Financial lowered shares of Weingarten Realty Investors from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Weingarten Realty Investors has an average rating of “Hold” and a consensus price target 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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