Los Angeles Capital Management & Equity Research Inc. Buys 1,350 Shares of Weingarten Realty Investors (WRI)

Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,506 shares of the real estate investment trust’s stock after acquiring an additional 1,350 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of Weingarten Realty Investors worth $2,333,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Weingarten Realty Investors by 3,391.0% during the 1st quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock valued at $617,261,000 after acquiring an additional 17,956,849 shares during the period. Legal & General Group Plc grew its stake in shares of Weingarten Realty Investors by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 773,142 shares of the real estate investment trust’s stock valued at $23,272,000 after acquiring an additional 60,881 shares during the period. Sei Investments Co. grew its stake in shares of Weingarten Realty Investors by 165.5% during the 1st quarter. Sei Investments Co. now owns 224,091 shares of the real estate investment trust’s stock valued at $7,483,000 after acquiring an additional 139,680 shares during the period. Founders Capital Management grew its stake in shares of Weingarten Realty Investors by 15.7% during the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 660 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Weingarten Realty Investors by 41.4% during the 1st quarter. JPMorgan Chase & Co. now owns 252,291 shares of the real estate investment trust’s stock valued at $8,423,000 after acquiring an additional 73,845 shares during the period. Institutional investors own 80.28% of the company’s stock.

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A number of research analysts recently issued reports on WRI shares. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine downgraded Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Finally, Robert W. Baird reiterated a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.40.

Weingarten Realty Investors (NYSE WRI) opened at 33.46 on Friday. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $40.51. The company has a market capitalization of $4.30 billion, a P/E ratio of 22.50 and a beta of 0.72. The firm has a 50-day moving average price of $32.51 and a 200 day moving average price of $32.15.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $142.96 million during the quarter, compared to analysts’ expectations of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. On average, equities analysts predict that Weingarten Realty Investors will post $0.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

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

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