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

Several analysts have recently weighed in on WRI shares. Jefferies Group started coverage on Weingarten Realty Investors in a report on Thursday, June 30th. They issued a “hold” rating and a $40.00 target price for the company. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup Inc. downgraded Weingarten Realty Investors from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Wednesday, April 27th. Finally, Boenning Scattergood initiated coverage on Weingarten Realty Investors in a research note on Tuesday, June 28th. They set an “underperform” rating and a $35.50 price objective for the company.

The company has a market capitalization of $5.24 billion and a PE ratio of 23.38. The company’s 50 day moving average is $39.10 and its 200-day moving average is $36.87.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Thursday, April 21st. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. During the same period last year, the business earned $0.52 earnings per share. The company earned $132.42 million during the quarter, compared to analysts’ expectations of $128.45 million. The company’s revenue for the quarter 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 8th were paid a dividend of $0.365 per share. The ex-dividend date was Monday, June 6th. This represents a $1.46 annualized dividend and a dividend yield of 3.50%.

In other news, COO Johnny Hendrix sold 69,303 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was 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 in the company, valued at C$5,857,704.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other hedge funds have made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 valued at $589,142,000 after buying an additional 431,490 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of 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 valued at $18,218,000 after buying an additional 35,578 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $51,994,000 after buying an additional 34,326 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of 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 valued at $2,375,000 after buying an additional 20,142 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Weingarten Realty Investors by 21.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 101,537 shares of the real estate investment trust’s stock valued at $3,511,000 after buying an additional 17,645 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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