SG Americas Securities LLC increased its position in Weingarten Realty Investors (NYSE:WRI) by 112.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,183 shares of the real estate investment trust’s stock after buying an additional 12,783 shares during the period. SG Americas Securities LLC’s holdings in Weingarten Realty Investors were worth $807,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cadence Capital Management LLC raised its stake in shares of Weingarten Realty Investors by 69.5% in the fourth quarter. Cadence Capital Management LLC now owns 10,297 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 4,223 shares during the period. Comerica Bank raised its stake in shares of Weingarten Realty Investors by 6.3% in the fourth quarter. Comerica Bank now owns 91,562 shares of the real estate investment trust’s stock worth $3,291,000 after buying an additional 5,393 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Weingarten Realty Investors by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,443 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 48 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Weingarten Realty Investors by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,635,025 shares of the real estate investment trust’s stock worth $58,515,000 after buying an additional 37,249 shares during the period. Finally, Elkfork Partners LLC bought a new stake in shares of Weingarten Realty Investors during the fourth quarter worth about $252,000. Institutional investors and hedge funds own 80.32% of the company’s stock.

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

Weingarten Realty Investors (NYSE:WRI) opened at 30.75 on Friday. The firm has a market cap of $3.95 billion, a P/E ratio of 24.17 and a beta of 0.72. The firm has a 50-day moving average of $31.31 and a 200-day moving average of $33.98. Weingarten Realty Investors has a 12-month low of $29.47 and a 12-month high of $43.70.

Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. During the same period in the prior year, the company posted $0.57 earnings per share. On average, analysts expect that Weingarten Realty Investors will post $0.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 8th were paid a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.01%. Weingarten Realty Investors’s payout ratio is 122.22%.

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WRI has been the subject of a number of research analyst reports. Robert W. Baird initiated coverage on shares of Weingarten Realty Investors in a research note on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price target for the company. Jefferies Group LLC restated a “hold” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a research note on Monday, April 24th. TheStreet lowered shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Boenning Scattergood lowered shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research note on Monday, May 15th. Finally, ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.70.

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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