Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Weingarten Realty Investors (NYSE:WRI) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,484 shares of the real estate investment trust’s stock after buying an additional 2,821 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Weingarten Realty Investors worth $3,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WRI. Centersquare Investment Management LLC bought a new position in Weingarten Realty Investors in the first quarter worth approximately $101,600,000. American Century Companies Inc. bought a new position in Weingarten Realty Investors in the first quarter worth approximately $13,780,000. Citigroup Inc. raised its stake in Weingarten Realty Investors by 174.7% in the first quarter. Citigroup Inc. now owns 351,187 shares of the real estate investment trust’s stock worth $9,862,000 after buying an additional 223,334 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new position in Weingarten Realty Investors in the first quarter worth approximately $4,413,000. Finally, Prudential Financial Inc. raised its stake in Weingarten Realty Investors by 127.9% in the first quarter. Prudential Financial Inc. now owns 273,901 shares of the real estate investment trust’s stock worth $7,691,000 after buying an additional 153,710 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

NYSE WRI opened at $31.08 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.23 and a current ratio of 1.23. Weingarten Realty Investors has a 12-month low of $25.67 and a 12-month high of $33.83. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 3.63 and a beta of 0.53.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Weingarten Realty Investors had a net margin of 83.46% and a return on equity of 24.90%. The business had revenue of $138.50 million for the quarter, compared to analyst estimates of $128.13 million. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. sell-side analysts anticipate that Weingarten Realty Investors will post 2.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, September 7th will be issued a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, September 6th. Weingarten Realty Investors’s dividend payout ratio is currently 64.49%.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Weingarten Realty Investors from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. BTIG Research assumed coverage on shares of Weingarten Realty Investors in a research note on Wednesday, August 1st. They issued a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, Jefferies Financial Group set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Weingarten Realty Investors presently has an average rating of “Hold” and an average target price of $31.88.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2018, 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 196 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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