Silver Lake Advisory LLC increased its position in shares of Weingarten Realty Investors (NYSE:WRI) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 135,494 shares of the real estate investment trust’s stock after acquiring an additional 494 shares during the quarter. Weingarten Realty Investors comprises approximately 2.5% of Silver Lake Advisory LLC’s portfolio, making the stock its 9th biggest holding. Silver Lake Advisory LLC’s holdings in Weingarten Realty Investors were worth $3,715,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Summit Global Investments acquired a new position in shares of Weingarten Realty Investors during the 1st quarter valued at about $1,544,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Weingarten Realty Investors during the 1st quarter valued at about $1,054,000. State of Alaska Department of Revenue boosted its position in shares of Weingarten Realty Investors by 15.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 60,267 shares of the real estate investment trust’s stock valued at $1,651,000 after acquiring an additional 7,949 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Weingarten Realty Investors by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,613,004 shares of the real estate investment trust’s stock valued at $40,018,000 after acquiring an additional 79,041 shares during the last quarter. Finally, Callahan Advisors LLC boosted its position in shares of Weingarten Realty Investors by 9.0% during the 1st quarter. Callahan Advisors LLC now owns 127,387 shares of the real estate investment trust’s stock valued at $3,741,000 after acquiring an additional 10,494 shares during the last quarter. 78.60% of the stock is currently owned by hedge funds and other institutional investors.
WRI has been the topic of several recent research reports. Zacks Investment Research cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.50.
WRI traded down $0.52 on Wednesday, hitting $27.00. The company had a trading volume of 58,833 shares, compared to its average volume of 874,299. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 2.68 and a beta of 0.65. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.02. The stock’s fifty day simple moving average is $27.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.18 and a current ratio of 2.18.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.12. The firm had revenue of $119.46 million for 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 was down 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities research analysts predict that Weingarten Realty Investors will post 2.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 6th will be issued a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.58 annualized dividend and a yield of 5.85%. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 69.30%.
Weingarten Realty Investors Company 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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