Nisa Investment Advisors LLC boosted its holdings in shares of Weingarten Realty Investors (NYSE:WRI) by 41.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,490 shares of the real estate investment trust’s stock after acquiring an additional 26,970 shares during the period. Nisa Investment Advisors LLC owned about 0.07% of Weingarten Realty Investors worth $2,509,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Weingarten Realty Investors by 35.6% during the first quarter. JPMorgan Chase & Co. now owns 4,525,996 shares of the real estate investment trust’s stock worth $132,928,000 after acquiring an additional 1,188,319 shares during the last quarter. Ronna Sue Cohen acquired a new position in Weingarten Realty Investors during the first quarter worth about $3,965,000. Geode Capital Management LLC raised its position in Weingarten Realty Investors by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 1,613,004 shares of the real estate investment trust’s stock worth $40,018,000 after acquiring an additional 79,041 shares during the last quarter. Norges Bank acquired a new position in Weingarten Realty Investors during the fourth quarter worth about $34,926,000. Finally, Barings LLC raised its position in Weingarten Realty Investors by 81.4% during the first quarter. Barings LLC now owns 1,041,640 shares of the real estate investment trust’s stock worth $30,593,000 after acquiring an additional 467,427 shares during the last quarter. Institutional investors own 78.60% of the company’s stock.
A number of research firms have recently weighed in on WRI. Zacks Investment Research lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Saturday, May 11th. ValuEngine lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and an average price target of $29.75.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $119.46 million during the quarter, compared to analyst estimates of $119.62 million. Weingarten Realty Investors had a net margin of 44.16% and a return on equity of 12.53%. The company’s revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts anticipate that Weingarten Realty Investors will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 6th will be issued 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 5.68%. Weingarten Realty Investors’s payout ratio is 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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