BNP Paribas Arbitrage SA Has $3 Million Stake in Weingarten Realty Investors (WRI)

BNP Paribas Arbitrage SA lifted its position in Weingarten Realty Investors (NYSE:WRI) by 747.8% in the 1st quarter, Holdings Channel reports. The fund owned 101,984 shares of the real estate investment trust’s stock after acquiring an additional 89,955 shares during the period. BNP Paribas Arbitrage SA’s holdings in Weingarten Realty Investors were worth $2,995,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its holdings in shares of Weingarten Realty Investors by 11.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,224 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 3,404 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Weingarten Realty Investors by 20.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 18,000 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 3,000 shares during the last quarter. UBS Oconnor LLC bought a new stake in shares of Weingarten Realty Investors in the 4th quarter worth about $4,223,000. Bank of New York Mellon Corp lifted its holdings in Weingarten Realty Investors by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,838,402 shares of the real estate investment trust’s stock valued at $84,470,000 after buying an additional 10,908 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Weingarten Realty Investors by 41.1% during the 4th quarter. Rhumbline Advisers now owns 330,628 shares of the real estate investment trust’s stock valued at $8,203,000 after buying an additional 96,225 shares in the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.

Shares of WRI opened at $29.16 on Friday. Weingarten Realty Investors has a 1-year low of $23.80 and a 1-year high of $32.02. The stock has a market cap of $3.72 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.00 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.87 and a quick ratio of 1.54.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Weingarten Realty Investors had a net margin of 44.16% and a return on equity of 12.53%. The company had revenue of $119.83 million for the quarter, compared to the consensus estimate of $119.40 million. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Weingarten Realty Investors will post 2.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 7th will be issued a dividend of $0.395 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.58 dividend on an annualized basis and a yield of 5.42%. Weingarten Realty Investors’s payout ratio is 69.30%.

WRI has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Bank of America lowered shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a report on Monday, March 4th. Finally, Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.60.

In related news, Director Stephen A. Lasher sold 115,000 shares of Weingarten Realty Investors stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total transaction of $3,363,750.00. Following the completion of the sale, the director now owns 101,797 shares in the company, valued at approximately $2,977,562.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.40% of the company’s stock.

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

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