SG Americas Securities LLC lowered its stake in Weingarten Realty (NYSE:WRI) by 42.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,920 shares of the real estate investment trust’s stock after selling 26,820 shares during the period. SG Americas Securities LLC’s holdings in Weingarten Realty were worth $1,009,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lourd Capital LLC purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $233,000. Ramsey Quantitative Systems purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $262,000. Flinton Capital Management LLC increased its holdings in shares of Weingarten Realty by 29.9% in the fourth quarter. Flinton Capital Management LLC now owns 8,192 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 1,888 shares during the period. Jane Street Group LLC purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $320,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Weingarten Realty in the fourth quarter worth about $355,000. Hedge funds and other institutional investors own 77.51% of the company’s stock.
Weingarten Realty opened at $28.37 on Friday, according to Marketbeat Ratings. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $3.61 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.37 and a beta of 0.52. Weingarten Realty has a 1 year low of $25.67 and a 1 year high of $33.83.
Weingarten Realty (NYSE:WRI) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.69. The company had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $140.94 million. Weingarten Realty had a return on equity of 24.66% and a net margin of 80.74%. analysts anticipate that Weingarten Realty will post 2.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 8th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.58 annualized dividend and a dividend yield of 5.57%. Weingarten Realty’s payout ratio is presently 64.49%.
Several research analysts have recently commented on the company. ValuEngine downgraded Weingarten Realty from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Weingarten Realty from a “sell” rating to a “hold” rating in a report on Thursday, April 26th. JPMorgan Chase & Co. decreased their price objective on Weingarten Realty from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th. Boenning Scattergood reiterated a “hold” rating on shares of Weingarten Realty in a report on Thursday, April 26th. Finally, UBS cut Weingarten Realty from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.17.
Weingarten Realty 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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