Public Employees Retirement Association of Colorado decreased its position in Weingarten Realty Investors (NYSE:WRI) by 17.2% during the first quarter, HoldingsChannel.com reports. The fund owned 20,951 shares of the real estate investment trust’s stock after selling 4,357 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Weingarten Realty Investors were worth $615,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. First Republic Investment Management Inc. increased its position in shares of Weingarten Realty Investors by 9.4% in the first quarter. First Republic Investment Management Inc. now owns 30,216 shares of the real estate investment trust’s stock valued at $887,000 after acquiring an additional 2,596 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Weingarten Realty Investors during the 1st quarter valued at about $253,000. Quantamental Technologies LLC boosted its stake in shares of Weingarten Realty Investors by 8.7% during the 1st quarter. Quantamental Technologies LLC now owns 12,964 shares of the real estate investment trust’s stock valued at $381,000 after purchasing an additional 1,042 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Weingarten Realty Investors by 7.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,943 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Weingarten Realty Investors by 4.3% during the first quarter. Daiwa Securities Group Inc. now owns 19,600 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.
NYSE:WRI opened at $28.85 on Thursday. Weingarten Realty Investors has a one year low of $23.80 and a one year high of $32.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market cap of $3.73 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 7th will be paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 5.48%. The ex-dividend date is Thursday, June 6th. Weingarten Realty Investors’s payout ratio is currently 69.30%.
In other news, Director Stephen A. Lasher sold 115,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total value of $3,363,750.00. Following the transaction, the director now owns 101,797 shares in the company, valued at $2,977,562.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.40% of the company’s stock.
Several equities research analysts recently commented on WRI shares. ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Bank of America lowered shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.60.
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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.
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