State of Tennessee Treasury Department cut its position in Weingarten Realty Investors (NYSE:WRI) by 25.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,900 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. State of Tennessee Treasury Department’s holdings in Weingarten Realty Investors were worth $2,257,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Weingarten Realty Investors by 2.6% in the second quarter. Vanguard Group Inc. now owns 18,014,434 shares of the real estate investment trust’s stock valued at $735,350,000 after buying an additional 452,731 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Weingarten Realty Investors by 6.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,265,842 shares of the real estate investment trust’s stock worth $255,772,000 after buying an additional 362,027 shares during the last quarter. BlackRock Fund Advisors boosted its position in Weingarten Realty Investors by 6.4% in the third quarter. BlackRock Fund Advisors now owns 6,138,186 shares of the real estate investment trust’s stock worth $239,266,000 after buying an additional 368,313 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Weingarten Realty Investors by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 6,016,269 shares of the real estate investment trust’s stock worth $245,583,000 after buying an additional 708,035 shares during the last quarter. Finally, State Street Corp boosted its position in Weingarten Realty Investors by 1.9% in the second quarter. State Street Corp now owns 5,197,293 shares of the real estate investment trust’s stock worth $212,153,000 after buying an additional 96,287 shares during the last quarter. 80.86% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Weingarten Realty Investors (NYSE:WRI)

Shares of Weingarten Realty Investors (NYSE:WRI) traded down 0.17% during midday trading on Friday, hitting $35.95. The company’s stock had a trading volume of 242,384 shares. The firm has a 50-day moving average of $35.51 and a 200 day moving average of $38.48. Weingarten Realty Investors has a 12-month low of $31.89 and a 12-month high of $43.70. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 18.78 and a beta of 0.79.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $129.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. On average, equities research analysts predict that Weingarten Realty Investors will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th were given a $0.365 dividend. The ex-dividend date was Tuesday, December 6th. This represents a $1.46 annualized dividend and a dividend yield of 4.05%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 76.44%.

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A number of equities analysts recently issued reports on WRI shares. Boenning Scattergood upgraded Weingarten Realty Investors from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 18th. Zacks Investment Research cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Finally, Jefferies Group restated a “hold” rating on shares of Weingarten Realty Investors in a report on Wednesday, November 9th.

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.

5 Day Chart for NYSE:WRI

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