Weingarten Realty Investors (NYSE:WRI) received a $37.00 target price from equities research analysts at Jefferies Group LLC in a research note issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group LLC’s price target suggests a potential upside of 20.44% from the company’s previous close.

A number of other equities research analysts also recently weighed in on WRI. Robert W. Baird started coverage on shares of Weingarten Realty Investors in a research note on Thursday, April 20th. They issued an “outperform” rating and a $41.00 target price on the stock. TheStreet downgraded shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Finally, Boenning Scattergood downgraded shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Weingarten Realty Investors has a consensus rating of “Hold” and a consensus price target of $38.70.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 30.72 on Friday. The firm has a 50-day moving average of $32.73 and a 200 day moving average of $34.43. Weingarten Realty Investors has a 52 week low of $29.83 and a 52 week high of $43.70. The firm has a market cap of $3.94 billion, a PE ratio of 24.15 and a beta of 0.74.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 45.71% and a return on equity of 14.82%. The company had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. During the same period last year, the business earned $0.57 earnings per share. Equities research analysts predict that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Tuesday, June 6th. Weingarten Realty Investors’s dividend payout ratio is 76.44%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. CT Financial Advisors LLC boosted 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 in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Weingarten Realty Investors by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 6,808 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 30 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Weingarten Realty Investors by 0.6% in the second quarter. Synovus Financial Corp now owns 5,425 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 33 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Weingarten Realty Investors by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,443 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 48 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of Weingarten Realty Investors by 0.9% in the second quarter. World Asset Management Inc now owns 8,401 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.

Weingarten Realty Investors Company Profile

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.

12 Month Chart for NYSE:WRI

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