Principal Financial Group Inc. lifted its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 501,509 shares of the real estate investment trust’s stock after acquiring an additional 19,986 shares during the period. Principal Financial Group Inc. owned 0.39% of Weingarten Realty Investors worth $15,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WRI. BlackRock Inc. raised its holdings in 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 valued at $617,261,000 after buying an additional 17,956,849 shares during the period. Legal & General Group Plc raised its holdings in Weingarten Realty Investors by 8.5% in the 2nd quarter. Legal & General Group Plc now owns 773,142 shares of the real estate investment trust’s stock valued at $23,272,000 after buying an additional 60,881 shares during the period. Sei Investments Co. raised its holdings in Weingarten Realty Investors by 165.5% in the 1st quarter. Sei Investments Co. now owns 224,091 shares of the real estate investment trust’s stock valued at $7,483,000 after buying an additional 139,680 shares during the period. Founders Capital Management raised its holdings in Weingarten Realty Investors by 15.7% in the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 660 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Weingarten Realty Investors by 41.4% in the 1st quarter. JPMorgan Chase & Co. now owns 252,291 shares of the real estate investment trust’s stock valued at $8,423,000 after buying an additional 73,845 shares during the period. Institutional investors and hedge funds own 80.27% of the company’s stock.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 32.68 on Tuesday. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.98 and a beta of 0.72. The company has a 50-day moving average of $32.52 and a 200 day moving average of $32.09. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $40.51.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) 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 firm had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. During the same period last year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

The firm also recently declared 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 yield of 4.71%. The ex-dividend date of this dividend was Thursday, September 7th. Weingarten Realty Investors’s payout ratio is 104.76%.

Several analysts recently issued reports on WRI shares. BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.40.

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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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