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

A number of brokerages have commented on WRI. Boenning Scattergood began coverage on Weingarten Realty Investors in a research report on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 price objective for the company. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. 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 report on Wednesday, April 27th. Finally, Jefferies Group began coverage on Weingarten Realty Investors in a research report on Thursday, June 30th. They issued a “hold” rating and a $40.00 price objective for the company.

The company has a market capitalization of $5.27 billion and a price-to-earnings ratio of 23.4939. The stock has a 50-day moving average price of $39.24 and a 200 day moving average price of $36.91.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results 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 earned $132.42 million during the quarter, compared to analyst estimates of $128.45 million. During the same period in the prior year, the firm posted $0.52 EPS. Weingarten Realty Investors’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Weingarten Realty Investors will post $2.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Monday, June 6th.

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

A number of institutional investors have made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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 period. ProShare Advisors LLC increased its position in shares of 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 period. Stephens Inc. AR increased its position in shares of 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 period. Great West Life Assurance Co. Can increased its position in shares of 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 period. Finally, Liberty Mutual Group Asset Management Inc. increased its position 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 worth $2,375,000 after buying an additional 20,142 shares during the period.

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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