Macquarie Group Ltd. raised its stake in Weingarten Realty Investors (NYSE:WRI) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,300 shares of the real estate investment trust’s stock after buying an additional 6,100 shares during the period. Macquarie Group Ltd.’s holdings in Weingarten Realty Investors were worth $1,563,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WRI. BlackRock Group LTD raised its stake in Weingarten Realty Investors by 0.9% in the first quarter. BlackRock Group LTD now owns 1,239,101 shares of the real estate investment trust’s stock valued at $46,490,000 after buying an additional 11,434 shares during the last quarter. BlackRock Inc. raised its stake in Weingarten Realty Investors by 26.5% in the first quarter. BlackRock Inc. now owns 218,311 shares of the real estate investment trust’s stock valued at $8,190,000 after buying an additional 45,727 shares during the last quarter. Franklin Resources Inc. raised its stake in Weingarten Realty Investors by 8.8% in the first quarter. Franklin Resources Inc. now owns 393,455 shares of the real estate investment trust’s stock valued at $14,762,000 after buying an additional 31,700 shares during the last quarter. Teachers Advisors Inc. raised its stake in Weingarten Realty Investors by 4.1% in the first quarter. Teachers Advisors Inc. now owns 586,036 shares of the real estate investment trust’s stock valued at $21,988,000 after buying an additional 22,872 shares during the last quarter. Finally, Ramsey Quantitative Systems raised its stake in Weingarten Realty Investors by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 17,634 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 913 shares during the last quarter. 80.61% of the stock is owned by institutional investors.

Weingarten Realty Investors (NYSE:WRI) opened at 38.63 on Monday. The stock has a 50 day moving average of $41.54 and a 200 day moving average of $39.15. Weingarten Realty Investors has a 52 week low of $31.73 and a 52 week high of $43.70. The stock has a market capitalization of $4.94 billion, a P/E ratio of 20.84 and a beta of 0.90.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The business earned $135.70 million during the quarter, compared to analysts’ expectations of $129.52 million. Weingarten Realty Investors had a net margin of 44.98% and a return on equity of 14.66%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, equities research analysts predict that Weingarten Realty Investors will post $2.30 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 8th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Tuesday, September 6th. Weingarten Realty Investors’s dividend payout ratio is currently 78.49%.

Several equities research analysts have recently issued reports on the stock. Jefferies Group reissued a “hold” rating and issued a $42.00 price objective on shares of Weingarten Realty Investors in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Citigroup Inc. upped their target price on shares of Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Finally, Boenning Scattergood initiated coverage on shares of Weingarten Realty Investors in a research note on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 target price for the company.

In related news, CFO Stephen C. Richter sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of C$42.80, for a total transaction of C$770,400.00. Following the completion of the sale, the chief financial officer now directly owns 266,593 shares in the company, valued at C$11,410,180.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew M. Alexander sold 66,224 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of C$41.59, for a total transaction of C$2,754,256.16. Following the sale, the chief executive officer now owns 1,167,577 shares of the company’s stock, valued at C$48,559,527.43. The disclosure for this sale can be found here. Corporate insiders own 8.80% of the company’s stock.

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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