State of Alaska Department of Revenue Bought 961 Shares of Weingarten Realty Investors (WRI)

State of Alaska Department of Revenue Bought 961 Shares of Weingarten Realty Investors (WRI)

State of Alaska Department of Revenue raised its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,871 shares of the real estate investment trust’s stock after buying an additional 961 shares during the period. State of Alaska Department of Revenue’s holdings in Weingarten Realty Investors were worth $1,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Systems of Alabama grew its position in shares of Weingarten Realty Investors by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 154,731 shares of the real estate investment trust’s stock valued at $3,839,000 after acquiring an additional 804 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Weingarten Realty Investors by 28.0% in 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 buying an additional 1,757 shares during the period. Arizona State Retirement System boosted its holdings in Weingarten Realty Investors by 2.2% in 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 buying an additional 1,831 shares during the period. Advisors Asset Management Inc. boosted its holdings in Weingarten Realty Investors by 11.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,264 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 1,863 shares during the period. Finally, American International Group Inc. boosted its holdings in Weingarten Realty Investors by 0.9% in 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 buying an additional 2,263 shares during the period. Institutional investors and hedge funds own 77.33% of the company’s stock.

WRI has been the subject of several recent analyst reports. Scotiabank initiated coverage on shares of Weingarten Realty Investors in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Citigroup set a $29.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a report on Tuesday, November 20th. ValuEngine raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 target price on shares of Weingarten Realty Investors in a report on Monday, December 17th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Weingarten Realty Investors presently has an average rating of “Hold” and a consensus target price of $30.83.

Shares of WRI traded up $0.24 during midday trading on Monday, hitting $29.85. 419,282 shares of the company traded hands, compared to its average volume of 813,917. Weingarten Realty Investors has a 52 week low of $23.80 and a 52 week high of $32.02. The company has a market capitalization of $3.80 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.95 and a beta of 0.76. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.93.

About Weingarten Realty Investors

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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