RKL Wealth Management LLC Sells 1,695 Shares of Weingarten Realty Investors (WRI)

RKL Wealth Management LLC lessened its position in Weingarten Realty Investors (NYSE:WRI) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,255 shares of the real estate investment trust’s stock after selling 1,695 shares during the period. RKL Wealth Management LLC’s holdings in Weingarten Realty Investors were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Telos Capital Management Inc. increased its holdings in Weingarten Realty Investors by 0.3% in the 2nd quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 45 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Weingarten Realty Investors by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock valued at $862,000 after acquiring an additional 83 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in shares of Weingarten Realty Investors by 1.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 100 shares during the last quarter. Creative Planning lifted its stake in shares of Weingarten Realty Investors by 1.5% in the 2nd quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 109 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Weingarten Realty Investors by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 127 shares during the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

Shares of Weingarten Realty Investors (NYSE:WRI) traded up $0.35 on Thursday, hitting $32.97. The stock had a trading volume of 886,200 shares, compared to its average volume of 870,999. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $36.82. The company has a market cap of $4,189.34, a PE ratio of 13.37, a P/E/G ratio of 3.25 and a beta of 0.68.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The firm had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. sell-side analysts forecast that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be given a $0.385 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.67%. Weingarten Realty Investors’s dividend payout ratio is currently 94.48%.

A number of research firms have recently weighed in on WRI. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. J P Morgan Chase & Co reiterated a “neutral” rating and set a $35.00 target price (down previously from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. BidaskClub upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.25.

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About Weingarten Realty Investors

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

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