Weingarten Realty Investors (NYSE:WRI) shares dropped 1.1% during trading on Tuesday . The stock traded as low as $41.44 and last traded at $41.72, with a volume of 239,457 shares. The stock had previously closed at $42.19.

WRI has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Citigroup Inc. downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Wednesday, April 27th. Boenning Scattergood initiated coverage on shares of Weingarten Realty Investors in a research note on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 target price on the stock. Finally, Jefferies Group initiated coverage on shares of Weingarten Realty Investors in a research note on Thursday, June 30th. They issued a “hold” rating and a $40.00 target price on the stock.

The stock’s 50-day moving average price is $39.10 and its 200 day moving average price is $36.87. The company has a market cap of $5.24 billion and a price-to-earnings ratio of 23.38.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Thursday, April 21st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $132.42 million for the quarter, compared to analysts’ expectations of $128.45 million. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Weingarten Realty Investors will post $2.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Monday, June 6th.

In other Weingarten Realty Investors news, COO Johnny Hendrix sold 69,303 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 155,418 shares of the company’s stock, valued at approximately C$5,857,704.42. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Weingarten Realty Investors by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 17,037,094 shares of the real estate investment trust’s stock worth $589,142,000 after buying an additional 431,490 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Weingarten Realty Investors by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,503,542 shares of the real estate investment trust’s stock worth $51,994,000 after buying an additional 34,326 shares in the last quarter. Advantus Capital Management Inc increased its position in Weingarten Realty Investors by 7.2% in the fourth quarter. Advantus Capital Management Inc now owns 526,848 shares of the real estate investment trust’s stock worth $18,218,000 after buying an additional 35,578 shares in the last quarter. California State Teachers Retirement System increased its position in Weingarten Realty Investors by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 236,901 shares of the real estate investment trust’s stock worth $8,192,000 after buying an additional 3,684 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Weingarten Realty Investors by 0.7% in the fourth quarter. Rhumbline Advisers now owns 202,980 shares of the real estate investment trust’s stock worth $7,019,000 after buying an additional 1,466 shares in 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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