BNP Paribas Arbitrage SA Reduces Position in Weingarten Realty Investors (WRI)

BNP Paribas Arbitrage SA trimmed its position in shares of Weingarten Realty Investors (NYSE:WRI) by 29.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,399 shares of the real estate investment trust’s stock after selling 12,583 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Weingarten Realty Investors were worth $854,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WRI. California Public Employees Retirement System increased its position in shares of Weingarten Realty Investors by 6.1% during the fourth quarter. California Public Employees Retirement System now owns 344,608 shares of the real estate investment trust’s stock worth $11,327,000 after purchasing an additional 19,743 shares in the last quarter. Swiss National Bank increased its position in shares of Weingarten Realty Investors by 2.0% during the fourth quarter. Swiss National Bank now owns 207,800 shares of the real estate investment trust’s stock worth $6,830,000 after purchasing an additional 4,100 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of Weingarten Realty Investors during the fourth quarter worth approximately $493,000. New Mexico Educational Retirement Board increased its position in shares of Weingarten Realty Investors by 68.3% during the fourth quarter. New Mexico Educational Retirement Board now owns 29,600 shares of the real estate investment trust’s stock worth $973,000 after purchasing an additional 12,008 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Weingarten Realty Investors by 10.6% during the fourth quarter. Sei Investments Co. now owns 531,719 shares of the real estate investment trust’s stock worth $17,478,000 after purchasing an additional 51,032 shares in the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.

Shares of NYSE:WRI opened at $29.99 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 4.06 and a beta of 0.56. Weingarten Realty Investors has a 52-week low of $25.67 and a 52-week high of $33.83.

Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.28). The company had revenue of $132.45 million during the quarter, compared to analysts’ expectations of $131.46 million. Weingarten Realty Investors had a net margin of 80.74% and a return on equity of 24.66%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. equities analysts expect that Weingarten Realty Investors will post 2.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 8th were issued a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, June 7th. Weingarten Realty Investors’s payout ratio is currently 64.49%.

Several brokerages recently commented on WRI. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. Boenning Scattergood reiterated a “hold” rating on shares of Weingarten Realty Investors in a research report on Thursday, April 26th. ValuEngine cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. dropped their price target on Weingarten Realty Investors from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $29.00 price target on shares of Weingarten Realty Investors in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus target price of $31.17.

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

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