Strategic Advisors LLC bought a new stake in Weingarten Realty Investors (NYSE:WRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,950 shares of the real estate investment trust’s stock, valued at approximately $360,000.

A number of other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Weingarten Realty Investors by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 40,594 shares of the real estate investment trust’s stock valued at $1,355,000 after acquiring an additional 600 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Weingarten Realty Investors by 22.1% during the first quarter. Wells Fargo & Company MN now owns 37,816 shares of the real estate investment trust’s stock valued at $1,262,000 after acquiring an additional 6,832 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Weingarten Realty Investors by 108.5% during the first quarter. Canada Pension Plan Investment Board now owns 24,600 shares of the real estate investment trust’s stock valued at $821,000 after acquiring an additional 12,800 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Weingarten Realty Investors by 0.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,125 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 97 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Weingarten Realty Investors by 1.1% during the first quarter. State Treasurer State of Michigan now owns 47,900 shares of the real estate investment trust’s stock valued at $1,599,000 after acquiring an additional 500 shares during the last quarter. 80.28% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $35.00 price objective (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. Finally, BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.40.

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Shares of Weingarten Realty Investors (WRI) traded up 0.03% during mid-day trading on Wednesday, reaching $32.51. The company’s stock had a trading volume of 195,603 shares. The firm’s 50 day moving average is $32.38 and its 200-day moving average is $32.18. The company has a market capitalization of $4.17 billion, a PE ratio of 21.86 and a beta of 0.72. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $40.51.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The business had revenue of $142.96 million for the quarter, compared to the consensus estimate of $142.34 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Weingarten Realty Investors’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts forecast that Weingarten Realty Investors will post $0.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.74%. Weingarten Realty Investors’s dividend payout ratio is 104.76%.

Weingarten Realty Investors Profile

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. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

Institutional Ownership by Quarter for Weingarten Realty Investors (NYSE:WRI)

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