Great West Life Assurance Co. Can boosted its position in Weingarten Realty Investors (NYSE:WRI) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,966 shares of the real estate investment trust’s stock after buying an additional 524 shares during the period. Great West Life Assurance Co. Can’s holdings in Weingarten Realty Investors were worth $5,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Weingarten Realty Investors during the first quarter worth about $103,000. Pinnacle Bank bought a new position in shares of Weingarten Realty Investors during the first quarter worth approximately $138,000. Founders Capital Management bought a new position in shares of Weingarten Realty Investors during the first quarter worth approximately $140,000. Westwood Holdings Group Inc. bought a new position in shares of Weingarten Realty Investors during the first quarter worth approximately $203,000. Finally, Tocqueville Asset Management L.P. increased its position in shares of Weingarten Realty Investors by 6.7% in the first quarter. Tocqueville Asset Management L.P. now owns 6,400 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 400 shares during the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Weingarten Realty Investors (NYSE:WRI) opened at 32.95 on Tuesday. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $42.12. The firm has a market capitalization of $4.23 billion, a PE ratio of 22.16 and a beta of 0.72. The company’s 50-day moving average price is $31.39 and its 200 day moving average price is $32.67.

Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Weingarten Realty Investors will post $0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, September 7th. Weingarten Realty Investors’s payout ratio is 104.76%.

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A number of equities analysts recently commented on WRI shares. TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research report on Monday, April 24th. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, ValuEngine downgraded Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Weingarten Realty Investors presently has an average rating of “Hold” and a consensus price target of $36.20.

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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