Weingarten Realty Investors (NYSE:WRI) Shares Purchased by Huntington National Bank

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Huntington National Bank increased its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,125 shares of the real estate investment trust’s stock after buying an additional 2,262 shares during the quarter. Huntington National Bank’s holdings in Weingarten Realty Investors were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Weingarten Realty Investors by 1.5% in the 2nd quarter. Invesco Ltd. now owns 4,305,224 shares of the real estate investment trust’s stock valued at $118,049,000 after buying an additional 63,233 shares during the period. Morgan Stanley increased its stake in shares of Weingarten Realty Investors by 154.9% during the 2nd quarter. Morgan Stanley now owns 959,839 shares of the real estate investment trust’s stock valued at $26,318,000 after acquiring an additional 583,270 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Weingarten Realty Investors by 10,203.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 939,775 shares of the real estate investment trust’s stock worth $25,769,000 after acquiring an additional 930,654 shares during the period. Uniplan Investment Counsel Inc. lifted its holdings in shares of Weingarten Realty Investors by 0.6% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 757,476 shares of the real estate investment trust’s stock worth $20,770,000 after acquiring an additional 4,484 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Weingarten Realty Investors by 29.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 359,433 shares of the real estate investment trust’s stock worth $10,470,000 after acquiring an additional 81,420 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

WRI has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.00 to $35.00 in a report on Monday, January 6th. Compass Point downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Friday, December 27th. Bank of America raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Finally, Zacks Investment Research upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.00.

WRI stock opened at $30.98 on Tuesday. The company has a market cap of $3.99 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 12.73 and a beta of 0.62. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $29.25. Weingarten Realty Investors has a 12-month low of $26.10 and a 12-month high of $32.17.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.30. The company had revenue of $117.38 million for the quarter, compared to the consensus estimate of $117.85 million. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. Equities analysts forecast that Weingarten Realty Investors will post 2.1 EPS for the current fiscal year.

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.

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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)

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