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Video: What is a Stock Split?
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Weingarten Realty Investors is a real estate investment trust. Co. is engaged in the business of owning, managing and developing retail shopping centers. Co.'s primary business is leasing space to tenants in the shopping centers it owns or leases. Co. also provides property management services to either joint ventures where Co. is partners or other outside owners. Co.'s centers are designed to accept local area customers and are anchored by a supermarket or other national tenants (such as Kroger, HEB or T.J. Maxx). The centers are primarily neighborhood and community shopping centers that often include discounters, retailers and specialty grocers as additional anchors or tenants. According to our WRI split history records, WRI has had 2 splits. | |
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WRI (WRI) has 2 splits in our WRI split history database. The first split for WRI took place on April 16, 2002. This was a 3 for 2 split, meaning for each 2 shares of WRI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. WRI's second split took place on March 31, 2004. This was a 3 for 2 split, meaning for each 2 shares of WRI owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as WRI splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the WRI split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WRI shares, starting with a $10,000 purchase of WRI, presented on a split-history-adjusted basis factoring in the complete WRI split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
08/03/2021 |
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Start price/share: |
$30.96 |
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End price/share: |
$31.44 |
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Starting shares: |
323.00 |
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Ending shares: |
506.02 |
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Dividends reinvested/share: |
$13.43 |
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Total return: |
59.09% |
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Average Annual Total Return: |
6.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,913.04 |
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Years: |
7.27 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
08/03/2021 |
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Start price/share: |
$30.96 |
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End price/share: |
$31.44 |
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Dividends collected/share: |
$13.43 |
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Total return: |
44.93% |
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Average Annual Total Return: |
5.24% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,495.10 |
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Years: |
7.27 |
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Date |
Ratio |
04/16/2002 | 3 for 2 | 03/31/2004 | 3 for 2 |
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