Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 95.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 215,368 shares of the real estate investment trust’s stock after acquiring an additional 105,277 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Weingarten Realty Investors were worth $6,325,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Hawaiian Bank lifted its stake in Weingarten Realty Investors by 93.4% during the 1st quarter. First Hawaiian Bank now owns 2,065 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 997 shares during the period. Acadian Asset Management LLC bought a new position in Weingarten Realty Investors during the 4th quarter valued at about $81,000. Ipswich Investment Management Co. Inc. bought a new position in Weingarten Realty Investors during the 4th quarter valued at about $84,000. Pinnacle Bank bought a new position in Weingarten Realty Investors during the 4th quarter valued at about $102,000. Finally, First Quadrant L P CA bought a new position in Weingarten Realty Investors during the 1st quarter valued at about $129,000. Institutional investors and hedge funds own 80.00% of the company’s stock.
WRI has been the topic of several research analyst reports. Zacks Investment Research cut shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Bank of America cut shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. Finally, ValuEngine upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.60.
Shares of NYSE WRI traded up $0.09 during midday trading on Thursday, hitting $29.04. 3,216 shares of the company’s stock traded hands, compared to its average volume of 866,516. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.02. The firm has a market capitalization of $3.73 billion, a P/E ratio of 12.77, a PEG ratio of 2.71 and a beta of 0.72. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.02.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.14). Weingarten Realty Investors had a net margin of 44.16% and a return on equity of 12.53%. The business had revenue of $119.83 million for the quarter, compared to analysts’ expectations of $119.40 million. During the same period in the previous year, the company earned $0.57 EPS. Weingarten Realty Investors’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Weingarten Realty Investors will post 2.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 7th will be given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Thursday, June 6th. Weingarten Realty Investors’s payout ratio is currently 69.30%.
COPYRIGHT VIOLATION NOTICE: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/4343134/weingarten-realty-investors-wri-shares-bought-by-sumitomo-mitsui-asset-management-company-ltd.html.
About Weingarten Realty Investors
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.
Read More: Why is total return important?
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).
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.