Weingarten Realty Investors (WRI) Stake Lessened by California Public Employees Retirement System

Share on StockTwits

California Public Employees Retirement System trimmed its position in shares of Weingarten Realty Investors (NYSE:WRI) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,192 shares of the real estate investment trust’s stock after selling 12,695 shares during the quarter. California Public Employees Retirement System’s holdings in Weingarten Realty Investors were worth $5,488,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Weingarten Realty Investors by 4.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,291 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 999 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Weingarten Realty Investors in the fourth quarter valued at approximately $81,000. Barings LLC acquired a new stake in shares of Weingarten Realty Investors in the fourth quarter valued at approximately $14,246,000. Ramsey Quantitative Systems grew its position in shares of Weingarten Realty Investors by 6.7% in the fourth quarter. Ramsey Quantitative Systems now owns 11,462 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 722 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Weingarten Realty Investors in the fourth quarter valued at approximately $310,000. Institutional investors and hedge funds own 77.91% of the company’s stock.

Shares of WRI opened at $27.99 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.03. The company has a market cap of $3.54 billion, a P/E ratio of 12.28, a PEG ratio of 2.84 and a beta of 0.74. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.02.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $127.81 million for the quarter, compared to analysts’ expectations of $123.99 million. Weingarten Realty Investors had a net margin of 61.68% and a return on equity of 17.27%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. On average, equities analysts predict that Weingarten Realty Investors will post 2.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Thursday, March 7th. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.

Several brokerages recently issued reports on WRI. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Bank of America downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. Jefferies Financial Group reissued a “hold” rating and set a $28.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, December 17th. Finally, Citigroup set a $29.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Tuesday, November 20th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Weingarten Realty Investors presently has an average rating of “Hold” and an average target price of $30.60.

COPYRIGHT VIOLATION NOTICE: “Weingarten Realty Investors (WRI) Stake Lessened by California Public Employees Retirement System” was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4222524/weingarten-realty-investors-wri-stake-lessened-by-california-public-employees-retirement-system.html.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At December 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 178 properties which are located in 17 states spanning the country from coast to coast.

Recommended Story: What is a Futures Contract?

Want to see what other hedge funds are holding WRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weingarten Realty Investors (NYSE:WRI).

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

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges
Brokerages Set Peugeot SA  Price Target at $24.77
Brokerages Set Peugeot SA Price Target at $24.77
Apex  Market Capitalization Tops $3.93 Million
Apex Market Capitalization Tops $3.93 Million


© 2006-2019 Ticker Report