OppenheimerFunds Inc. purchased a new stake in Weingarten Realty Investors (NYSE:WRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,749 shares of the real estate investment trust’s stock, valued at approximately $1,011,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in Weingarten Realty Investors in the 3rd quarter valued at $214,000. Lourd Capital LLC bought a new stake in Weingarten Realty Investors in the 4th quarter valued at $233,000. Timber Hill LLC bought a new stake in Weingarten Realty Investors in the 3rd quarter valued at $246,000. GSA Capital Partners LLP bought a new stake in Weingarten Realty Investors in the 3rd quarter valued at $313,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Weingarten Realty Investors in the 3rd quarter valued at $317,000. Institutional investors and hedge funds own 79.28% of the company’s stock.
Weingarten Realty Investors (NYSE:WRI) opened at $27.97 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3,585.23, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 3.18 and a beta of 0.59. Weingarten Realty Investors has a 12-month low of $25.96 and a 12-month high of $35.62.
A number of research firms recently weighed in on WRI. Jefferies Group set a $33.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Boenning Scattergood upgraded Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research note on Thursday, December 14th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, TheStreet cut Weingarten Realty Investors from a “b-” rating to a “c+” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.00.
About Weingarten Realty Investors
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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