State Board of Administration of Florida Retirement System Reduces Position in Weingarten Realty Investors (WRI)

State Board of Administration of Florida Retirement System lessened its holdings in Weingarten Realty Investors (NYSE:WRI) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,589 shares of the real estate investment trust’s stock after selling 1,170 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Weingarten Realty Investors were worth $6,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in Weingarten Realty Investors by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 52,318 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 447 shares during the last quarter. Utah Retirement Systems raised its holdings in Weingarten Realty Investors by 1.6% in the 4th quarter. Utah Retirement Systems now owns 32,412 shares of the real estate investment trust’s stock valued at $804,000 after buying an additional 500 shares during the last quarter. Raymond James & Associates raised its holdings in Weingarten Realty Investors by 4.9% in the 4th quarter. Raymond James & Associates now owns 11,446 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 538 shares during the last quarter. Ramsey Quantitative Systems raised its holdings in Weingarten Realty Investors by 6.7% in the 4th quarter. Ramsey Quantitative Systems now owns 11,462 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 722 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Weingarten Realty Investors by 4.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 19,600 shares of the real estate investment trust’s stock valued at $576,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

A number of research analysts recently issued reports on WRI shares. ValuEngine upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Bank of America lowered shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a report on Monday, March 4th. Finally, Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Weingarten Realty Investors has an average rating of “Hold” and a consensus price target of $30.60.

In other Weingarten Realty Investors news, Director Stephen A. Lasher sold 115,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total transaction of $3,363,750.00. Following the completion of the sale, the director now owns 101,797 shares of the company’s stock, valued at approximately $2,977,562.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.

NYSE:WRI opened at $28.95 on Wednesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.71 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.87 and a quick ratio of 1.87. Weingarten Realty Investors has a fifty-two week low of $23.80 and a fifty-two week high of $32.02.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The firm had revenue of $119.83 million for the quarter, compared to analyst estimates of $119.40 million. Weingarten Realty Investors had a net margin of 44.16% and a return on equity of 12.53%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. On average, sell-side analysts expect that Weingarten Realty Investors will post 2.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 7th will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Thursday, June 6th. Weingarten Realty Investors’s dividend payout ratio is presently 69.30%.

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About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 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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