Fayez Sarofim & Co. Maintains Stake in Weingarten Realty Investors (WRI)
Fayez Sarofim & Co. continued to hold its stake in shares of Weingarten Realty Investors (NYSE:WRI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,979 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Fayez Sarofim & Co.’s holdings in Weingarten Realty Investors were worth $330,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WRI. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Weingarten Realty Investors in the 1st quarter valued at approximately $103,000. Commonwealth Bank of Australia grew its stake in shares of Weingarten Realty Investors by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 176 shares in the last quarter. Founders Capital Management grew its stake in shares of Weingarten Realty Investors by 15.7% in the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 660 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Weingarten Realty Investors by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 2,824 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Weingarten Realty Investors in the 1st quarter valued at approximately $203,000. 80.27% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on WRI. J P Morgan Chase & Co reissued a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Weingarten Realty Investors has an average rating of “Hold” and a consensus price target of $34.40.
Weingarten Realty Investors (WRI) traded down 0.58% during midday trading on Tuesday, reaching $32.49. The company had a trading volume of 123,277 shares. The company’s 50-day moving average is $32.52 and its 200 day moving average is $32.09. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $40.51. The company has a market cap of $4.17 billion, a PE ratio of 21.85 and a beta of 0.72.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $142.96 million during the quarter, compared to the consensus estimate of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that Weingarten Realty Investors will post $0.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were paid a dividend of $0.385 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.71%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.
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Weingarten Realty Investors Company Profile
Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.
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