Shares of Weingarten Realty Investors (NYSE:WRI) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.50.

WRI has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating and issued a $37.00 price objective on shares of Weingarten Realty Investors in a report on Thursday, August 24th. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Jefferies Group LLC restated a “hold” rating and issued a $32.00 price objective on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th.

Weingarten Realty Investors (NYSE:WRI) traded down 0.59% during trading on Thursday, hitting $32.26. 518,664 shares of the stock traded hands. The stock has a 50 day moving average price of $32.21 and a 200-day moving average price of $31.97. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $38.82. The stock has a market cap of $4.14 billion, a P/E ratio of 21.69 and a beta of 0.72.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, analysts anticipate that Weingarten Realty Investors will post $0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 104.76%.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Weingarten Realty Investors by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock worth $646,604,000 after acquiring an additional 597,565 shares during the last quarter. BlackRock Inc. increased its stake in shares of Weingarten Realty Investors by 3,391.0% in the 1st quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after acquiring an additional 17,956,849 shares during the last quarter. State Street Corp increased its stake in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock worth $160,839,000 after acquiring an additional 88,325 shares during the last quarter. Cbre Clarion Securities LLC increased its stake in shares of Weingarten Realty Investors by 3.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock worth $81,067,000 after acquiring an additional 80,583 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Weingarten Realty Investors by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock worth $58,138,000 after acquiring an additional 32,085 shares during the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

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. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

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