Jefferies Group LLC reiterated their hold rating on shares of Weingarten Realty Investors (NYSE:WRI) in a report issued on Tuesday. The firm currently has a $32.00 price target on the real estate investment trust’s stock.

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of Weingarten Realty Investors from a sell rating to a hold rating in a research report on Thursday, June 29th. Robert W. Baird upgraded shares of Weingarten Realty Investors from a neutral rating to an outperform rating in a research report on Tuesday, May 16th. ValuEngine lowered shares of Weingarten Realty Investors from a buy rating to a hold rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Weingarten Realty Investors from a hold rating to a sell rating in a research report on Wednesday, June 28th. Finally, Boenning Scattergood lowered shares of Weingarten Realty Investors from a neutral rating to an underperform rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Weingarten Realty Investors presently has a consensus rating of Hold and an average price target of $34.40.

Shares of Weingarten Realty Investors (NYSE WRI) opened at 32.04 on Tuesday. The company’s 50 day moving average is $32.11 and its 200-day moving average is $32.39. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $42.12. The stock has a market capitalization of $4.11 billion, a PE ratio of 21.55 and a beta of 0.72.

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, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. On average, equities analysts predict that Weingarten Realty Investors will post $0.99 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

A number of institutional investors have recently modified their holdings of the stock. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of Weingarten Realty Investors during the first quarter valued at $103,000. Founders Capital Management purchased a new position in shares of Weingarten Realty Investors during the first quarter valued at $140,000. Commonwealth Bank of Australia increased its position in shares of Weingarten Realty Investors by 3.9% in the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 176 shares in the last quarter. Advisor Group Inc. increased its position in shares of Weingarten Realty Investors by 13.9% in the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 599 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Weingarten Realty Investors by 80.8% in the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,496 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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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