Legal & General Group Plc boosted its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 773,142 shares of the real estate investment trust’s stock after buying an additional 60,881 shares during the period. Legal & General Group Plc owned approximately 0.60% of Weingarten Realty Investors worth $23,272,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Weingarten Realty Investors by 3.2% in the first quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock valued at $646,604,000 after buying an additional 597,565 shares during the period. BlackRock Inc. increased its stake in shares of Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock valued at $617,261,000 after buying an additional 17,956,849 shares in the last quarter. State Street Corp increased its stake in shares of Weingarten Realty Investors by 1.6% in the first quarter. State Street Corp now owns 5,255,457 shares of the real estate investment trust’s stock valued at $175,474,000 after buying an additional 84,123 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Weingarten Realty Investors by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,645,166 shares of the real estate investment trust’s stock valued at $54,931,000 after buying an additional 10,141 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Weingarten Realty Investors by 47.6% in the first quarter. Bank of America Corp DE now owns 1,239,817 shares of the real estate investment trust’s stock valued at $41,397,000 after buying an additional 399,978 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors.

Shares of Weingarten Realty Investors (NYSE WRI) opened at 32.04 on Friday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 21.55 and a beta of 0.72. The stock has a 50 day moving average price of $32.11 and a 200-day moving average price of $32.39. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $42.12.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The company had revenue of $142.96 million during the quarter, compared to analysts’ expectations of $142.34 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be given a $0.385 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.81%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

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Several equities analysts recently weighed in on WRI shares. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Monday, July 31st. BidaskClub lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Jefferies Group LLC set a $37.00 price target on Weingarten Realty Investors and gave the stock a “hold” rating in a research note on Friday, May 26th. Robert W. Baird upgraded Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 16th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $35.00 price target (down from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.40.

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.

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

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