Weingarten Realty Investors (NYSE:WRI) shares were down 2.1% during trading on Thursday . The stock traded as low as $41.42 and last traded at $41.42, with a volume of 227,792 shares. The stock had previously closed at $42.29.

Several research analysts have recently commented on WRI shares. Zacks Investment Research downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 30th. Jefferies Group assumed coverage on 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. Boenning Scattergood assumed coverage on 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, Citigroup Inc. cut 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.

The firm’s 50 day moving average is $41.69 and its 200-day moving average is $38.11. The stock has a market cap of $5.31 billion and a price-to-earnings ratio of 22.41.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $129.52 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts anticipate that Weingarten Realty Investors will post $2.30 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Tuesday, September 6th.

In other Weingarten Realty Investors news, CFO Stephen C. Richter sold 18,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of C$42.80, for a total transaction of C$770,400.00. Following the completion of the transaction, the chief financial officer now owns 266,593 shares of the company’s stock, valued at approximately C$11,410,180.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. 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 valued at $1,143,000 after buying an additional 143 shares during the period. 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 valued at $1,887,000 after buying an additional 4,132 shares in 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 valued at $2,676,000 after buying an additional 1,125 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted 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. Finally, Dimensional Fund Advisors LP boosted 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.

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 retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.

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