Macquarie Group Ltd. Sells 16,155 Shares of Weingarten Realty Investors (WRI)

Macquarie Group Ltd. reduced its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 658,631 shares of the real estate investment trust’s stock after selling 16,155 shares during the period. Macquarie Group Ltd. owned 0.51% of Weingarten Realty Investors worth $20,904,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in Weingarten Realty Investors by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,107,509 shares of the real estate investment trust’s stock worth $33,337,000 after acquiring an additional 106,378 shares during the period. Legal & General Group Plc grew its stake in shares of Weingarten Realty Investors by 8.5% in the 2nd quarter. Legal & General Group Plc now owns 773,142 shares of the real estate investment trust’s stock valued at $23,272,000 after buying an additional 60,881 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Weingarten Realty Investors by 37.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 92,739 shares of the real estate investment trust’s stock valued at $2,791,000 after buying an additional 25,297 shares during the period. Northern Trust Corp grew its stake in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock valued at $58,138,000 after buying an additional 32,085 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Weingarten Realty Investors by 7.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,147,235 shares of the real estate investment trust’s stock valued at $34,532,000 after buying an additional 81,749 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.

WRI has been the subject of several research reports. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price target on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. Finally, Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.25.

Weingarten Realty Investors (NYSE:WRI) traded up $0.27 during trading on Tuesday, hitting $33.29. 548,300 shares of the company’s stock traded hands, compared to its average volume of 858,916. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $4,240.71, a PE ratio of 13.53, a P/E/G ratio of 3.29 and a beta of 0.71. Weingarten Realty Investors has a 1 year low of $29.03 and a 1 year high of $36.82.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. Weingarten Realty Investors’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. sell-side analysts expect that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a $0.385 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.54 dividend on an annualized basis and a yield of 4.63%. Weingarten Realty Investors’s dividend payout ratio is 94.48%.

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Weingarten Realty Investors Company Profile

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

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

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