Silver Lake Advisory LLC lifted its stake in Weingarten Realty Investors (NYSE:WRI) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,494 shares of the real estate investment trust’s stock after purchasing an additional 494 shares during the quarter. Weingarten Realty Investors comprises about 2.5% of Silver Lake Advisory LLC’s portfolio, making the stock its 9th largest holding. Silver Lake Advisory LLC owned about 0.11% of Weingarten Realty Investors worth $3,715,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Summit Global Investments purchased a new position in Weingarten Realty Investors during the 1st quarter worth approximately $1,544,000. Mercer Global Advisors Inc. ADV purchased a new position in Weingarten Realty Investors during the 1st quarter worth approximately $1,054,000. State of Alaska Department of Revenue raised its position in Weingarten Realty Investors by 15.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 60,267 shares of the real estate investment trust’s stock worth $1,651,000 after buying an additional 7,949 shares during the last quarter. Geode Capital Management LLC raised its position in Weingarten Realty Investors by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,613,004 shares of the real estate investment trust’s stock worth $40,018,000 after buying an additional 79,041 shares during the last quarter. Finally, Callahan Advisors LLC raised its position in Weingarten Realty Investors by 9.0% during the 1st quarter. Callahan Advisors LLC now owns 127,387 shares of the real estate investment trust’s stock worth $3,741,000 after buying an additional 10,494 shares during the last quarter. 78.60% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on WRI shares. Zacks Investment Research lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Weingarten Realty Investors has a consensus rating of “Hold” and an average price target of $28.50.
Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.12. Weingarten Realty Investors had a net margin of 46.97% and a return on equity of 13.06%. The firm had revenue of $119.46 million during the quarter, compared to analyst estimates of $119.62 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was down 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that Weingarten Realty Investors will post 2.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 6th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.58 dividend on an annualized basis and a yield of 5.85%. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.
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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