Texas Permanent School Fund Has $2.40 Million Stake in Weingarten Realty Investors (NYSE:WRI)

Texas Permanent School Fund increased its position in shares of Weingarten Realty Investors (NYSE:WRI) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,323 shares of the real estate investment trust’s stock after buying an additional 1,126 shares during the period. Texas Permanent School Fund owned 0.06% of Weingarten Realty Investors worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WRI. NEXT Financial Group Inc acquired a new position in shares of Weingarten Realty Investors in the second quarter valued at $37,000. Advisory Services Network LLC increased its holdings in shares of Weingarten Realty Investors by 32.9% in the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 370 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Weingarten Realty Investors by 394.7% in the third quarter. Quadrant Capital Group LLC now owns 2,167 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 1,729 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Weingarten Realty Investors in the second quarter valued at $161,000. Finally, Founders Capital Management increased its holdings in shares of Weingarten Realty Investors by 29.8% in the third quarter. Founders Capital Management now owns 8,501 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 1,950 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

NYSE:WRI opened at $31.16 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.55 and a quick ratio of 2.18. The firm’s fifty day moving average price is $29.60 and its two-hundred day moving average price is $28.37. Weingarten Realty Investors has a one year low of $23.80 and a one year high of $32.11. The company has a market cap of $4.06 billion, a P/E ratio of 13.67, a P/E/G ratio of 5.01 and a beta of 0.63.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Weingarten Realty Investors had a net margin of 60.55% and a return on equity of 16.75%. The business had revenue of $117.38 million for the quarter, compared to the consensus estimate of $117.85 million. During the same period in the prior year, the company posted $0.58 earnings per share. Weingarten Realty Investors’s revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Weingarten Realty Investors will post 2.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.58 annualized dividend and a dividend yield of 5.07%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 69.30%.

In related news, Director Shelaghmichael C. Brown sold 4,333 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.17, for a total value of $117,727.61. Following the transaction, the director now directly owns 28,218 shares in the company, valued at $766,683.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.40% of the company’s stock.

Several research firms have commented on WRI. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. Compass Point began coverage on shares of Weingarten Realty Investors in a report on Thursday, August 15th. They issued a “neutral” rating and a $27.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.17.

About Weingarten Realty Investors

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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