Weingarten Realty Investors (NYSE:WRI) shares reached a new 52-week high on Monday . The company traded as high as $42.10 and last traded at $42.08, with a volume of 225,868 shares trading hands. The stock had previously closed at $41.93.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Boenning Scattergood assumed coverage on shares of Weingarten Realty Investors in a research report on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 target price for the company. Citigroup Inc. downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Wednesday, April 27th. Finally, Jefferies Group began coverage on shares of Weingarten Realty Investors in a research report on Thursday, June 30th. They issued a “hold” rating and a $40.00 target price for the company.

The stock has a market capitalization of $5.28 billion and a PE ratio of 23.57. The company’s 50 day moving average price is $38.80 and its 200 day moving average price is $36.74.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, April 21st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm earned $132.42 million during the quarter, compared to analyst estimates of $128.45 million. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities analysts expect that Weingarten Realty Investors will post $2.29 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 8th were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.48%.

In related news, COO Johnny Hendrix sold 69,303 shares of the business’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of C$37.69, for a total transaction of C$2,612,030.07. Following the transaction, the chief operating officer now owns 155,418 shares in the company, valued at approximately C$5,857,704.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently added to or reduced their stakes in WRI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Weingarten Realty Investors by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,060 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 143 shares during the last quarter. ProShare Advisors LLC increased its position in Weingarten Realty Investors by 12.4% in the fourth quarter. ProShare Advisors LLC now owns 51,711 shares of the real estate investment trust’s stock worth $1,788,000 after buying an additional 5,693 shares during the last quarter. Stephens Inc. AR increased its position in Weingarten Realty Investors by 8.2% in the fourth quarter. Stephens Inc. AR now owns 54,577 shares of the real estate investment trust’s stock worth $1,887,000 after buying an additional 4,132 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Weingarten Realty Investors by 5.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 66,492 shares of the real estate investment trust’s stock worth $2,302,000 after buying an additional 3,716 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its position in Weingarten Realty Investors by 41.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 68,674 shares of the real estate investment trust’s stock worth $2,375,000 after buying an additional 20,142 shares during the last quarter.

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. It is engaged in the business of owning, managing and developing shopping centers and other commercial centers. The Company also provides property management services.

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