Uniplan Investment Counsel Inc. Reduces Position in Weingarten Realty Investors (WRI)

Uniplan Investment Counsel Inc. lowered its position in Weingarten Realty Investors (NYSE:WRI) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 856,098 shares of the real estate investment trust’s stock after selling 116,440 shares during the period. Weingarten Realty Investors accounts for 1.5% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 24th largest holding. Uniplan Investment Counsel Inc. owned 0.67% of Weingarten Realty Investors worth $25,477,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in Weingarten Realty Investors by 28.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 1,757 shares during the last quarter. Arizona State Retirement System increased its holdings in Weingarten Realty Investors by 2.2% in the third quarter. Arizona State Retirement System now owns 84,574 shares of the real estate investment trust’s stock worth $2,517,000 after buying an additional 1,831 shares during the last quarter. American International Group Inc. increased its holdings in Weingarten Realty Investors by 0.9% in the third quarter. American International Group Inc. now owns 242,131 shares of the real estate investment trust’s stock worth $7,206,000 after buying an additional 2,263 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Weingarten Realty Investors by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock worth $3,835,000 after buying an additional 2,821 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Weingarten Realty Investors by 23.2% in the second quarter. Xact Kapitalforvaltning AB now owns 18,597 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.

In other news, CFO Stephen C. Richter sold 102,454 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $30.83, for a total value of $3,158,656.82. Following the completion of the sale, the chief financial officer now directly owns 351,286 shares of the company’s stock, valued at $10,830,147.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew M. Alexander sold 126,730 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $30.71, for a total value of $3,891,878.30. Following the completion of the sale, the chief executive officer now directly owns 1,263,172 shares of the company’s stock, valued at $38,792,012.12. The disclosure for this sale can be found here. 7.50% of the stock is owned by corporate insiders.

Weingarten Realty Investors stock traded down $0.07 during trading hours on Tuesday, reaching $28.63. 718,200 shares of the company were exchanged, compared to its average volume of 744,784. The stock has a market capitalization of $3.72 billion, a P/E ratio of 11.69, a PEG ratio of 2.78 and a beta of 0.46. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.93. Weingarten Realty Investors has a 12 month low of $25.67 and a 12 month high of $33.83.

Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $126.36 million. Weingarten Realty Investors had a return on equity of 22.88% and a net margin of 80.35%. Sell-side analysts anticipate that Weingarten Realty Investors will post 2.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.58 dividend on an annualized basis and a yield of 5.52%. Weingarten Realty Investors’s payout ratio is currently 64.49%.

WRI has been the topic of a number of research reports. BTIG Research initiated coverage on Weingarten Realty Investors in a report on Wednesday, August 1st. They issued a “buy” rating and a $34.00 price objective on the stock. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Scotiabank began coverage on Weingarten Realty Investors in a research report on Tuesday, October 16th. They set a “sector perform” rating for the company. Wells Fargo & Co upped their target price on Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, August 9th. Finally, Jefferies Financial Group set a $30.00 target price on Weingarten Realty Investors and gave the stock a “hold” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.33.

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Weingarten Realty Investors Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At June 30, 2018, 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 190 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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