Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,923 Shares of Weingarten Realty Investors (NYSE:WRI)

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Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Weingarten Realty Investors (NYSE:WRI) by 14.6% in the first quarter, HoldingsChannel reports. The firm owned 62,323 shares of the real estate investment trust’s stock after purchasing an additional 7,923 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weingarten Realty Investors were worth $899,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in Weingarten Realty Investors by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 2,228,735 shares of the real estate investment trust’s stock worth $32,160,000 after purchasing an additional 184,913 shares in the last quarter. Geode Capital Management LLC grew its stake in Weingarten Realty Investors by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 2,139,408 shares of the real estate investment trust’s stock valued at $66,828,000 after acquiring an additional 54,658 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Weingarten Realty Investors by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,136,092 shares of the real estate investment trust’s stock valued at $66,732,000 after acquiring an additional 41,923 shares during the period. FMR LLC grew its stake in Weingarten Realty Investors by 3,051.7% in the fourth quarter. FMR LLC now owns 1,542,297 shares of the real estate investment trust’s stock valued at $48,181,000 after acquiring an additional 1,493,362 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Weingarten Realty Investors by 97.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,419,900 shares of the real estate investment trust’s stock valued at $44,358,000 after acquiring an additional 699,377 shares during the period. Institutional investors and hedge funds own 81.65% of the company’s stock.

Shares of NYSE:WRI opened at $17.76 on Friday. 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 quick ratio of 6.85, a current 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’s 50 day moving average is $15.81 and its 200 day moving average is $25.40.

Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). Weingarten Realty Investors had a net margin of 67.05% and a return on equity of 17.23%. The company had revenue of $108.05 million for the quarter, compared to analysts’ expectations of $116.94 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. As a group, equities research analysts expect that Weingarten Realty Investors will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Monday, June 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 4.05%. Weingarten Realty Investors’s dividend payout ratio is currently 75.24%.

In other Weingarten Realty Investors news, Director Stephen A. Lasher acquired 10,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of $22.89 per share, with a total value of $228,900.00. Following the completion of the transaction, the director now owns 117,692 shares in the company, valued at $2,693,969.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.

A number of brokerages have commented on WRI. SunTrust Banks reduced their price objective on Weingarten Realty Investors from $31.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. cut Weingarten Realty Investors from a “neutral” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research note on Wednesday, April 22nd. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Citigroup cut Weingarten Realty Investors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $14.50 in a research note on Tuesday, April 7th. Finally, ValuEngine cut Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.21.

Weingarten Realty Investors Company 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.

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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)

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