IndexIQ Advisors LLC acquired a new position in shares of Weingarten Realty Investors (NYSE:WRI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,249 shares of the real estate investment trust’s stock, valued at approximately $191,000.
Other large investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors acquired a new stake in Weingarten Realty Investors in the fourth quarter valued at approximately $34,000. Engrave Wealth Partners LLC purchased a new stake in shares of Weingarten Realty Investors during the 4th quarter valued at $34,000. Whittier Trust Co. acquired a new stake in shares of Weingarten Realty Investors in the 1st quarter worth $42,000. Smithfield Trust Co. grew its stake in Weingarten Realty Investors by 27.2% during the 1st quarter. Smithfield Trust Co. now owns 3,180 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 680 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in Weingarten Realty Investors by 37.5% during the 4th quarter. Advisory Services Network LLC now owns 2,055 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 560 shares in the last quarter. 81.65% of the stock is owned by institutional investors.
Shares of NYSE WRI opened at $17.76 on Friday. The company has a 50 day simple moving average of $15.81 and a two-hundred day simple moving average of $25.40. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 3.83 and a beta of 1.38. The company has a current ratio of 6.85, a quick ratio of 6.85 and a debt-to-equity ratio of 1.19. Weingarten Realty Investors has a 12 month low of $12.21 and a 12 month high of $32.17.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Monday, June 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 4.05%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 75.24%.
In related news, Director Stephen A. Lasher bought 10,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $22.89 per share, for a total transaction of $228,900.00. Following the completion of the purchase, the director now directly owns 117,692 shares of the company’s stock, valued at $2,693,969.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.
A number of brokerages have recently weighed in on WRI. BTIG Research dropped their price target on Weingarten Realty Investors from $32.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. SunTrust Banks dropped their target price on shares of Weingarten Realty Investors from $31.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Citigroup downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $14.50 in a research note on Tuesday, April 7th. Finally, Wells Fargo & Co cut their target price on Weingarten Realty Investors from $32.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus price target of $22.21.
Weingarten Realty Investors Profile
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.
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).
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.