BlackRock Inc. cut its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,444,421 shares of the real estate investment trust’s stock after selling 130,963 shares during the period. BlackRock Inc. owned approximately 0.11% of Weingarten Realty Investors worth $396,068,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Eii Capital Management Inc. grew its stake in shares of Weingarten Realty Investors by 18.0% during the second quarter. Eii Capital Management Inc. now owns 17,836 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 2,715 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Weingarten Realty Investors during the second quarter valued at about $592,000. Timbercreek Investment Management Inc. bought a new position in shares of Weingarten Realty Investors during the second quarter valued at about $3,196,000. Nisa Investment Advisors LLC grew its stake in shares of Weingarten Realty Investors by 41.8% during the second quarter. Nisa Investment Advisors LLC now owns 91,490 shares of the real estate investment trust’s stock valued at $2,509,000 after buying an additional 26,970 shares during the last quarter. Finally, Old Port Advisors grew its stake in shares of Weingarten Realty Investors by 4.7% during the second quarter. Old Port Advisors now owns 80,696 shares of the real estate investment trust’s stock valued at $2,226,000 after buying an additional 3,601 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.
Shares of NYSE:WRI opened at $31.01 on Thursday. The stock’s 50-day moving average price is $29.79 and its 200-day moving average price is $28.41. Weingarten Realty Investors has a 12-month low of $23.80 and a 12-month high of $32.11. The stock has a market capitalization of $4.01 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 4.94 and a beta of 0.63. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.395 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.10%. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.
WRI has been the topic of a number of recent research reports. Compass Point initiated coverage on Weingarten Realty Investors in a research note on Thursday, August 15th. They set a “neutral” rating and a $27.50 price objective on the stock. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average 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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