Weingarten Realty Investors (NYSE:WRI) Position Lessened by Founders Capital Management

Founders Capital Management trimmed its position in shares of Weingarten Realty Investors (NYSE:WRI) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,001 shares of the real estate investment trust’s stock after selling 500 shares during the period. Founders Capital Management’s holdings in Weingarten Realty Investors were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WRI. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Weingarten Realty Investors by 116.7% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 700 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Weingarten Realty Investors by 394.7% during the third quarter. Quadrant Capital Group LLC now owns 2,167 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,729 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Weingarten Realty Investors during the third quarter worth $142,000. Huntington National Bank increased its position in Weingarten Realty Investors by 46.5% during the fourth quarter. Huntington National Bank now owns 7,125 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 2,262 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Weingarten Realty Investors by 8.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,737 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 685 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Weingarten Realty Investors stock opened at $30.71 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 12.75 and a beta of 0.62. Weingarten Realty Investors has a one year low of $26.10 and a one year high of $32.17. The company’s fifty day moving average price is $30.80 and its two-hundred day moving average price is $29.32.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.30. The firm had revenue of $117.38 million for the quarter, compared to the consensus estimate of $117.85 million. Weingarten Realty Investors had a net margin of 60.55% and a return on equity of 16.75%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, sell-side analysts anticipate that Weingarten Realty Investors will post 2.1 earnings per share for the current year.

WRI has been the topic of several analyst reports. Zacks Investment Research raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, January 2nd. Compass Point downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Friday, December 27th. Citigroup raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $35.00 in a research report on Monday, January 6th. Finally, Bank of America raised shares of Weingarten Realty Investors from a “neutral” rating to a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Weingarten Realty Investors currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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

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