Virtus ETF Advisers LLC acquired a new position in shares of Weingarten Realty Investors (NYSE:WRI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 91,554 shares of the real estate investment trust’s stock, valued at approximately $2,510,000.

Several other large investors have also recently bought and sold shares of WRI. Geode Capital Management LLC grew its holdings in shares of Weingarten Realty Investors by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 1,613,004 shares of the real estate investment trust’s stock worth $40,018,000 after buying an additional 79,041 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Weingarten Realty Investors by 28.1% during the first quarter. Bank of Montreal Can now owns 42,637 shares of the real estate investment trust’s stock worth $1,252,000 after buying an additional 9,359 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Weingarten Realty Investors during the first quarter worth about $253,000. Texas Permanent School Fund grew its holdings in shares of Weingarten Realty Investors by 4.0% during the first quarter. Texas Permanent School Fund now owns 81,222 shares of the real estate investment trust’s stock worth $2,385,000 after buying an additional 3,126 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV bought a new position in shares of Weingarten Realty Investors during the first quarter worth about $235,000. Institutional investors and hedge funds own 77.68% of the company’s stock.

WRI stock traded down $0.16 during mid-day trading on Friday, reaching $27.98. The company had a trading volume of 136,250 shares, compared to its average volume of 927,388. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $28.17. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.69 and a beta of 0.65. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $30.26.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.12. The firm had revenue of $119.46 million during the quarter, compared to the consensus estimate of $119.62 million. Weingarten Realty Investors had a return on equity of 13.06% and a net margin of 46.97%. The business’s revenue was down 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. On average, equities analysts predict that Weingarten Realty Investors will post 2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, September 6th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.58 dividend on an annualized basis and a yield of 5.65%. Weingarten Realty Investors’s dividend payout ratio is 69.30%.

A number of research analysts recently issued reports on the company. ValuEngine downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Zacks Investment Research reiterated a “hold” rating on shares of Weingarten Realty Investors in a report on Sunday, September 8th. Finally, Compass Point assumed coverage on Weingarten Realty Investors in a report on Thursday, August 15th. They set a “neutral” rating and a $27.50 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus target price of $28.17.

In other Weingarten Realty Investors news, Director Shelaghmichael C. Brown sold 4,333 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.17, for a total value of $117,727.61. Following the completion of the transaction, the director now directly owns 28,218 shares in the company, valued at $766,683.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is owned by company insiders.

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

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