Principal Financial Group Inc. Has $18,080,000 Position in Weingarten Realty Investors (WRI)

Principal Financial Group Inc. Has $18,080,000 Position in Weingarten Realty Investors (WRI)

Principal Financial Group Inc. increased its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,834 shares of the real estate investment trust’s stock after buying an additional 26,113 shares during the period. Principal Financial Group Inc. owned 0.36% of Weingarten Realty Investors worth $18,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Weingarten Realty Investors by 967.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 3,414 shares during the period. CT Financial Advisors LLC increased its position in shares of Weingarten Realty Investors by 0.3% in the third quarter. CT Financial Advisors LLC now owns 4,077 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 13 shares during the period. Advisor Group Inc. bought a new position in shares of Weingarten Realty Investors during the second quarter valued at $163,000. Investment Counselors of Maryland LLC increased its position in shares of Weingarten Realty Investors by 3.9% in the third quarter. Investment Counselors of Maryland LLC now owns 4,176 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 155 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of Weingarten Realty Investors during the second quarter valued at $204,000. Institutional investors own 80.89% of the company’s stock.

Shares of Weingarten Realty Investors (NYSE:WRI) traded down 1.902% during trading on Friday, reaching $35.335. The company had a trading volume of 329,174 shares. The stock has a market capitalization of $4.53 billion, a PE ratio of 18.461 and a beta of 0.79. Weingarten Realty Investors has a 12 month low of $33.79 and a 12 month high of $43.70. The stock’s 50-day moving average price is $35.72 and its 200-day moving average price is $38.17.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $129.70 million for the quarter, compared to analysts’ expectations of $134.50 million. Weingarten Realty Investors had a return on equity of 14.82% and a net margin of 45.71%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Equities analysts forecast that Weingarten Realty Investors will post $1.74 earnings per share for the current fiscal year.

Several research analysts have weighed in on WRI shares. Zacks Investment Research upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, November 4th. Jefferies Group LLC restated a “hold” rating on shares of Weingarten Realty Investors in a research note on Wednesday, November 9th. Finally, Boenning Scattergood upgraded Weingarten Realty Investors from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 18th.

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. It is engaged in the business of owning, managing and developing retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.

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