Nisa Investment Advisors LLC Has $2.18 Million Position in Weingarten Realty Investors (WRI)

Nisa Investment Advisors LLC reduced its holdings in Weingarten Realty Investors (NYSE:WRI) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 73,155 shares of the real estate investment trust’s stock after selling 7,675 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Weingarten Realty Investors were worth $2,177,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Weingarten Realty Investors by 2.5% in the second quarter. Arizona State Retirement System now owns 82,743 shares of the real estate investment trust’s stock valued at $2,549,000 after purchasing an additional 1,981 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Weingarten Realty Investors by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock valued at $3,835,000 after purchasing an additional 2,821 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Weingarten Realty Investors by 23.2% during the second quarter. Xact Kapitalforvaltning AB now owns 18,597 shares of the real estate investment trust’s stock valued at $573,000 after acquiring an additional 3,500 shares during the period. OppenheimerFunds Inc. grew its position in Weingarten Realty Investors by 9.6% during the second quarter. OppenheimerFunds Inc. now owns 41,748 shares of the real estate investment trust’s stock valued at $1,286,000 after acquiring an additional 3,652 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Weingarten Realty Investors during the second quarter valued at about $129,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

In other news, CEO Andrew M. Alexander sold 126,730 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.71, for a total value of $3,891,878.30. Following the completion of the sale, the chief executive officer now owns 1,263,172 shares of the company’s stock, valued at $38,792,012.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen C. Richter sold 102,454 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.83, for a total value of $3,158,656.82. Following the completion of the sale, the chief financial officer now directly owns 351,286 shares of the company’s stock, valued at approximately $10,830,147.38. The disclosure for this sale can be found here. 7.50% of the stock is owned by corporate insiders.



WRI stock opened at $27.50 on Friday. Weingarten Realty Investors has a 12-month low of $25.67 and a 12-month high of $33.83. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.95. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 2.86 and a beta of 0.47.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.12. Weingarten Realty Investors had a return on equity of 24.90% and a net margin of 83.46%. The firm had revenue of $125.26 million during the quarter, compared to the consensus estimate of $126.36 million. On average, research analysts anticipate that Weingarten Realty Investors will post 2.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Thursday, December 6th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 64.49%.

A number of research firms have issued reports on WRI. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group set a $30.00 price target on Weingarten Realty Investors and gave the company a “hold” rating in a research report on Wednesday, August 15th. ValuEngine downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. JPMorgan Chase & Co. boosted their price target on Weingarten Realty Investors from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co boosted their price target on Weingarten Realty Investors from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.33.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 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 190 properties which are located in 17 states spanning the country from coast to coast.

Featured Story: What is a conference call?

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.

Leave a Reply