Daiwa Securities Group Inc. raised its holdings in Weingarten Realty (NYSE:WRI) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,200 shares of the real estate investment trust’s stock after purchasing an additional 2,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Weingarten Realty were worth $427,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lourd Capital LLC purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $233,000. Ramsey Quantitative Systems purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $262,000. Flinton Capital Management LLC increased its stake in shares of Weingarten Realty by 29.9% in the fourth quarter. Flinton Capital Management LLC now owns 8,192 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 1,888 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $320,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $355,000. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Weingarten Realty opened at $27.67 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.08 and a quick ratio of 2.08. Weingarten Realty has a 12 month low of $25.67 and a 12 month high of $33.83. The company has a market capitalization of $3.52 billion, a PE ratio of 11.29, a PEG ratio of 3.29 and a beta of 0.52.
Weingarten Realty (NYSE:WRI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. Weingarten Realty had a net margin of 80.74% and a return on equity of 24.66%. The company had revenue of $135.80 million during the quarter, compared to analyst estimates of $140.94 million. equities research analysts predict that Weingarten Realty will post 2.31 EPS for the current 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 $0.395 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.71%. Weingarten Realty’s dividend payout ratio (DPR) is currently 64.49%.
WRI has been the subject of several recent research reports. TheStreet downgraded shares of Weingarten Realty from a “b-” rating to a “c+” rating in a research note on Thursday, February 15th. Boenning Scattergood reiterated a “hold” rating on shares of Weingarten Realty in a research note on Friday, February 23rd. Bank of America upgraded shares of Weingarten Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, March 1st. ValuEngine downgraded shares of Weingarten Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, JPMorgan Chase cut their price objective on shares of Weingarten Realty from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.17.
Weingarten Realty Company Profile
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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