Shares of Weingarten Realty Investors (NYSE:WRI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.77 and last traded at $42.40, with a volume of 97,894 shares trading hands. The stock had previously closed at $42.54.

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

The company has a market capitalization of $5.33 billion and a P/E ratio of 23.78. The firm has a 50 day moving average price of $40.08 and a 200-day moving average price of $37.25.

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

In other news, COO Johnny Hendrix sold 69,303 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of C$37.69, for a total value 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 C$5,857,704.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several large investors have made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Weingarten Realty Investors by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 77,399 shares of the real estate investment trust’s stock worth $2,676,000 after buying an additional 1,125 shares during the last quarter. Stephens Inc. AR boosted its stake 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 last quarter. ProShare Advisors LLC boosted its stake 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 last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of Weingarten Realty Investors by 29.0% in the fourth quarter. Twin Capital Management Inc. now owns 77,170 shares of the real estate investment trust’s stock worth $2,669,000 after buying an additional 17,350 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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