Sei Investments Co. boosted its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 42.7% during the second quarter, Holdings Channel reports. The institutional investor owned 319,668 shares of the real estate investment trust’s stock after buying an additional 95,577 shares during the period. Sei Investments Co.’s holdings in Weingarten Realty Investors were worth $9,623,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WRI. Vanguard Group Inc. boosted its position 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 in the last quarter. BlackRock Inc. boosted its position in 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 boosted its position in 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 boosted its position in 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, Hermes Investment Management Ltd. boosted its position in Weingarten Realty Investors by 1.6% in the first quarter. Hermes Investment Management Ltd. now owns 1,286,369 shares of the real estate investment trust’s stock valued at $42,952,000 after buying an additional 20,004 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Weingarten Realty Investors (NYSE:WRI) opened at 32.45 on Friday. The company has a market cap of $4.17 billion, a PE ratio of 21.82 and a beta of 0.72. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $42.12. The company has a 50-day moving average price of $31.30 and a 200 day moving average price of $32.75.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data 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. The business had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. On average, analysts forecast that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.54 dividend on an annualized basis and a yield of 4.75%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

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WRI has been the topic of several recent research reports. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday. Jefferies Group LLC reiterated a “hold” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a report on Monday, April 24th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a report on Monday, July 31st. Finally, Robert W. Baird upgraded Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus target price of $37.17.

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.

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

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