BB&T Securities LLC lessened its holdings in Weingarten Realty Investors (NYSE:WRI) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,755 shares of the real estate investment trust’s stock after selling 3,027 shares during the period. BB&T Securities LLC’s holdings in Weingarten Realty Investors were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WRI. Public Employees Retirement Association of Colorado lifted its stake in shares of Weingarten Realty Investors by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 83 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Weingarten Realty Investors by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 167,966 shares of the real estate investment trust’s stock worth $5,051,000 after acquiring an additional 524 shares during the period. World Asset Management Inc raised its holdings in Weingarten Realty Investors by 2.9% in the 2nd quarter. World Asset Management Inc now owns 9,213 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 261 shares during the period. IFP Advisors Inc raised its holdings in Weingarten Realty Investors by 7.0% in the 2nd quarter. IFP Advisors Inc now owns 11,541 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 752 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Weingarten Realty Investors by 46.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 36,000 shares of the real estate investment trust’s stock worth $1,084,000 after acquiring an additional 11,400 shares during the period. 79.17% of the stock is owned by institutional investors and hedge funds.

Shares of Weingarten Realty Investors (WRI) traded down $0.40 on Tuesday, reaching $32.18. 416,800 shares of the company traded hands, compared to its average volume of 856,092. The company has a market cap of $4,184.20, a P/E ratio of 13.35, a PEG ratio of 3.24 and a beta of 0.71. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $36.82. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. equities research analysts forecast that Weingarten Realty Investors will post 2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.75 per share. This is an increase from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a dividend yield of 9.32%. Weingarten Realty Investors’s payout ratio is presently 94.48%.

WRI has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a report on Thursday, August 24th. Jefferies Group reiterated a “hold” rating and issued a $32.00 target price on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. Boenning Scattergood set a $30.00 target price on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, J P Morgan Chase & Co dropped their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Weingarten Realty Investors has a consensus rating of “Hold” and a consensus target price of $33.25.

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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.

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

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