Putnam Investments LLC boosted its position in Weingarten Realty Investors (NYSE:WRI) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,131 shares of the real estate investment trust’s stock after purchasing an additional 483 shares during the period. Putnam Investments LLC owned approximately 0.11% of Weingarten Realty Investors worth $3,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NEXT Financial Group Inc bought a new position in shares of Weingarten Realty Investors in the second quarter valued at $37,000. Advisory Services Network LLC increased its holdings in shares of Weingarten Realty Investors by 32.9% in the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 370 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of Weingarten Realty Investors in the second quarter valued at $161,000. Cigna Investments Inc. New bought a new position in shares of Weingarten Realty Investors in the first quarter valued at $202,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Weingarten Realty Investors during the 1st quarter valued at $253,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.

Several analysts have issued reports on WRI shares. Compass Point started coverage on shares of Weingarten Realty Investors in a research note on Thursday, August 15th. They set a “neutral” rating and a $27.50 target price on the stock. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.17.

In other news, Director Shelaghmichael C. Brown sold 4,333 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.17, for a total transaction of $117,727.61. Following the transaction, the director now directly owns 28,218 shares in the company, valued at approximately $766,683.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.40% of the company’s stock.

Shares of Weingarten Realty Investors stock traded up $0.06 on Monday, hitting $28.75. 85,286 shares of the company traded hands, compared to its average volume of 980,195. The company has a 50-day moving average price of $27.34 and a 200 day moving average price of $28.14. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.00. Weingarten Realty Investors has a 12-month low of $23.80 and a 12-month high of $30.05. The company has a market cap of $3.69 billion, a PE ratio of 12.61, a PEG ratio of 2.74 and a beta of 0.65.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.53 by $0.12. Weingarten Realty Investors had a net margin of 46.97% and a return on equity of 13.06%. The business had revenue of $119.46 million for the quarter, compared to analysts’ expectations of $119.62 million. During the same period in the previous year, the company posted $0.57 EPS. Weingarten Realty Investors’s revenue was down 13.9% on a year-over-year basis. Equities research analysts anticipate that Weingarten Realty Investors will post 2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 6th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Thursday, September 5th. Weingarten Realty Investors’s dividend payout ratio is currently 69.30%.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 177 properties which are located in 17 states spanning the country from coast to coast.

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

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