Rafferty Asset Management LLC raised its position in Weingarten Realty Investors (NYSE:WRI) by 260.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,107 shares of the real estate investment trust’s stock after buying an additional 15,254 shares during the period. Rafferty Asset Management LLC’s holdings in Weingarten Realty Investors were worth $705,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position 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. New Capital Management LP acquired a new position in shares of Weingarten Realty Investors during the fourth quarter worth about $14,083,000. Comerica Bank raised its position 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. Finally, Twin Capital Management Inc. raised its position in shares of Weingarten Realty Investors by 6.5% in the fourth quarter. Twin Capital Management Inc. now owns 53,300 shares of the real estate investment trust’s stock worth $1,908,000 after buying an additional 3,250 shares during the period. 81.61% of the stock is owned by institutional investors and hedge funds.

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

Shares of Weingarten Realty Investors (NYSE WRI) traded up 1.95% during midday trading on Wednesday, hitting $30.83. The stock had a trading volume of 1,029,917 shares. The stock has a 50-day moving average of $32.00 and a 200 day moving average of $34.16. Weingarten Realty Investors has a 52 week low of $29.47 and a 52 week high of $43.70. The stock has a market cap of $3.96 billion, a PE ratio of 24.24 and a beta of 0.74.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 14.36% and a return on equity of 7.97%. The firm had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. During the same quarter in the previous year, the business earned $0.57 EPS. Analysts anticipate that Weingarten Realty Investors will post $0.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Tuesday, June 6th. Weingarten Realty Investors’s dividend payout ratio is presently 76.44%.

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

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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