Matthew Goff Investment Advisor LLC bought a new position in shares of Weingarten Realty Investors (NYSE:WRI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 123,240 shares of the real estate investment trust’s stock, valued at approximately $4,000,000. Matthew Goff Investment Advisor LLC owned about 0.10% of Weingarten Realty Investors at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in Weingarten Realty Investors by 28.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 1,757 shares during the last quarter. Arizona State Retirement System grew its position in Weingarten Realty Investors by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 84,574 shares of the real estate investment trust’s stock worth $2,517,000 after purchasing an additional 1,831 shares during the last quarter. Advisors Asset Management Inc. grew its position in Weingarten Realty Investors by 11.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,264 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 1,863 shares during the last quarter. American International Group Inc. grew its position in Weingarten Realty Investors by 0.9% during the 3rd quarter. American International Group Inc. now owns 242,131 shares of the real estate investment trust’s stock worth $7,206,000 after purchasing an additional 2,263 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Weingarten Realty Investors by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock worth $3,835,000 after purchasing an additional 2,821 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors.

Shares of WRI traded up $0.57 during trading hours on Thursday, hitting $28.78. The stock had a trading volume of 103,350 shares, compared to its average volume of 938,959. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.27 and a quick ratio of 1.27. Weingarten Realty Investors has a fifty-two week low of $25.67 and a fifty-two week high of $33.83. The stock has a market cap of $3.62 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.71 and a beta of 0.51.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, December 7th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Thursday, December 6th. Weingarten Realty Investors’s dividend payout ratio is currently 64.49%.

Several brokerages have commented on WRI. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Jefferies Financial Group set a $30.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Wednesday, August 15th. Citigroup set a $29.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Tuesday, November 20th. JPMorgan Chase & Co. lifted their price objective on shares of Weingarten Realty Investors from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, Wells Fargo & Co lifted their price objective on shares of Weingarten Realty Investors from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, August 9th. 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. Weingarten Realty Investors has a consensus rating of “Hold” and an average price target of $31.17.

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Weingarten Realty Investors Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 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 185 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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