Victory Capital Management Inc. Cuts Position in Weingarten Realty Investors (NYSE:WRI)

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Victory Capital Management Inc. cut its stake in Weingarten Realty Investors (NYSE:WRI) by 21.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,465 shares of the real estate investment trust’s stock after selling 395 shares during the period. Victory Capital Management Inc.’s holdings in Weingarten Realty Investors were worth $40,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WRI. NEXT Financial Group Inc purchased a new stake in Weingarten Realty Investors during the second quarter valued at about $37,000. Advisory Services Network LLC boosted its position in Weingarten Realty Investors by 32.9% during the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 370 shares during the period. Machina Capital S.A.S. purchased a new stake in Weingarten Realty Investors during the second quarter valued at about $161,000. GSA Capital Partners LLP purchased a new stake in Weingarten Realty Investors during the second quarter valued at about $280,000. Finally, Quantamental Technologies LLC boosted its position in Weingarten Realty Investors by 30.2% during the second quarter. Quantamental Technologies LLC now owns 16,873 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 3,909 shares during the period. Institutional investors own 77.68% of the company’s stock.

NYSE WRI opened at $28.90 on Friday. The company has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $28.25. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.00. Weingarten Realty Investors has a 12-month low of $23.80 and a 12-month high of $30.05. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.74 and a beta of 0.65.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.12. The company had revenue of $119.46 million during the quarter, compared to analyst estimates of $119.62 million. Weingarten Realty Investors had a net margin of 46.97% and a return on equity of 13.06%. Weingarten Realty Investors’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Equities analysts expect that Weingarten Realty Investors will post 2.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 6th were issued a dividend of $0.395 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.47%. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.

Several research firms have issued reports on WRI. Compass Point began coverage on shares of Weingarten Realty Investors in a research report on Thursday, August 15th. They set a “neutral” rating and a $27.50 price target for the company. Zacks Investment Research lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Finally, ValuEngine lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.17.

In other news, Director Shelaghmichael C. Brown sold 4,333 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.17, for a total transaction of $117,727.61. Following the completion of the sale, the director now directly owns 28,218 shares in the company, valued at $766,683.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Weingarten Realty Investors Profile

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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