Moody National Bank Trust Division continued to hold its position in shares of Weingarten Realty Investors (NYSE:WRI) during the first quarter, Holdings Channel reports. The institutional investor owned 15,930 shares of the real estate investment trust’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in Weingarten Realty Investors were worth $531,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in WRI. Northern Trust Corp boosted its position in Weingarten Realty Investors by 2.3% in the third quarter. Northern Trust Corp now owns 2,035,080 shares of the real estate investment trust’s stock valued at $79,328,000 after buying an additional 45,305 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Weingarten Realty Investors by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,635,025 shares of the real estate investment trust’s stock valued at $58,515,000 after buying an additional 37,249 shares in the last quarter. BlackRock Group LTD boosted its position in Weingarten Realty Investors by 9.1% in the third quarter. BlackRock Group LTD now owns 1,426,485 shares of the real estate investment trust’s stock valued at $55,605,000 after buying an additional 119,303 shares in the last quarter. Hermes Investment Management Ltd. boosted its position in Weingarten Realty Investors by 7.6% in the third quarter. Hermes Investment Management Ltd. now owns 1,085,395 shares of the real estate investment trust’s stock valued at $42,309,000 after buying an additional 76,720 shares in the last quarter. Finally, Norges Bank acquired a new position in Weingarten Realty Investors during the fourth quarter valued at $37,532,000. 81.61% of the stock is currently owned by institutional investors.
Weingarten Realty Investors (NYSE:WRI) traded down 0.51% on Friday, reaching $34.97. The company’s stock had a trading volume of 387,103 shares. The stock has a market cap of $4.48 billion, a PE ratio of 18.66 and a beta of 0.74. The company’s 50 day moving average price is $33.49 and its 200-day moving average price is $35.31. Weingarten Realty Investors has a 12-month low of $31.13 and a 12-month high of $43.70.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.39. Weingarten Realty Investors had a return on equity of 14.82% and a net margin of 45.71%. The company had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $138.39 million. During the same period last year, the firm earned $0.56 EPS. Weingarten Realty Investors’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Weingarten Realty Investors will post $0.96 EPS for the current year.
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Separately, Robert W. Baird assumed coverage on Weingarten Realty Investors in a research report on Thursday. They issued an “outperform” rating and a $41.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.70.
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.
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