Royal London Asset Management Ltd. Lowers Position in Weingarten Realty Investors (WRI)

Royal London Asset Management Ltd. trimmed its position in shares of Weingarten Realty Investors (NYSE:WRI) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,931 shares of the real estate investment trust’s stock after selling 17,006 shares during the period. Royal London Asset Management Ltd.’s holdings in Weingarten Realty Investors were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WRI. Arizona State Retirement System boosted its holdings in shares of Weingarten Realty Investors by 1.3% in the 4th quarter. Arizona State Retirement System now owns 85,656 shares of the real estate investment trust’s stock worth $2,125,000 after acquiring an additional 1,082 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Weingarten Realty Investors during the 4th quarter worth $296,000. Groesbeck Investment Management Corp NJ acquired a new position in Weingarten Realty Investors during the 4th quarter worth $1,191,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Weingarten Realty Investors during the 4th quarter worth $2,731,000. Finally, Fisher Asset Management LLC lifted its holdings in Weingarten Realty Investors by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 104,699 shares of the real estate investment trust’s stock worth $2,598,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.

Several research firms have issued reports on WRI. ValuEngine raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Capital One Financial raised Weingarten Realty Investors from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 19th. Jefferies Financial Group reaffirmed a “hold” rating and set a $28.00 price objective on shares of Weingarten Realty Investors in a report on Monday, December 17th. Finally, Citigroup set a $29.00 price objective on Weingarten Realty Investors and gave the stock a “hold” rating in a report on Tuesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.83.

Shares of Weingarten Realty Investors stock opened at $29.61 on Friday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.90 and a beta of 0.76. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $32.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.27 and a quick ratio of 1.27.

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Weingarten Realty Investors Company 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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