Shares of Weingarten Realty Investors (NYSE:WRI) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.50.

A number of brokerages recently issued reports on WRI. Jefferies Group LLC reissued a “hold” rating and set a $32.00 price target on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. Robert W. Baird reissued a “buy” rating and set a $37.00 price target on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co reissued a “neutral” rating and set a $35.00 price target (down previously from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. Finally, BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd.

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Shares of Weingarten Realty Investors (NYSE WRI) traded down 0.03% during mid-day trading on Friday, reaching $31.65. The company had a trading volume of 181,890 shares. The stock has a market capitalization of $4.06 billion, a P/E ratio of 21.28 and a beta of 0.72. The firm’s 50 day moving average is $32.51 and its 200-day moving average is $32.07. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $142.96 million for the quarter, compared to the consensus estimate of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. On average, analysts expect that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is presently 104.76%.

Several hedge funds have recently modified their holdings of WRI. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Weingarten Realty Investors in the 1st quarter valued at $103,000. Commonwealth Bank of Australia boosted its holdings in shares of Weingarten Realty Investors by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 176 shares in the last quarter. Founders Capital Management boosted its holdings in shares of Weingarten Realty Investors by 15.7% in the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 660 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Weingarten Realty Investors by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 599 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in shares of Weingarten Realty Investors by 80.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 2,496 shares in the last quarter. 80.27% of the stock is currently owned by hedge funds and other institutional investors.

About Weingarten Realty Investors

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.

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