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

A number of equities research analysts have commented on the company. Citigroup Inc. raised their target price on Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Group reissued a “hold” rating and issued a $42.00 target price on shares of Weingarten Realty Investors in a report on Friday, July 29th. Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Boenning Scattergood assumed coverage on Weingarten Realty Investors in a report on Tuesday, June 28th. They issued an “underperform” rating and a $35.50 target price for the company.

The stock has a market capitalization of $5.32 billion and a price-to-earnings ratio of 22.44. The stock has a 50-day moving average of $41.77 and a 200-day moving average of $38.17.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. During the same period in the prior year, the company posted $0.54 earnings per share. The firm had revenue of $135.70 million for the quarter, compared to analyst estimates of $129.52 million. The business’s revenue was up 6.8% on a year-over-year basis. On average, analysts forecast that Weingarten Realty Investors will post $2.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 8th will be given 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 of this dividend is Tuesday, September 6th.

In related news, CFO Stephen C. Richter sold 18,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was 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 directly owns 266,593 shares in the company, valued at approximately C$11,410,180.40. The sale was disclosed in a document filed with the SEC, which is available through this link.

Other hedge funds and institutional investors recently modified their holdings of the company. 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 last quarter. Cornerstone Capital Management Holdings LLC. increased its position 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 worth $3,511,000 after buying an additional 17,645 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 worth $51,994,000 after buying an additional 34,326 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 retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.

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