Great West Life Assurance Co. Can increased its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 167,966 shares of the real estate investment trust’s stock after buying an additional 524 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of Weingarten Realty Investors worth $5,051,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Presima Inc. boosted its stake in Weingarten Realty Investors by 27.0% in the second quarter. Presima Inc. now owns 95,600 shares of the real estate investment trust’s stock valued at $2,878,000 after buying an additional 20,300 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Weingarten Realty Investors by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 83 shares during the period. Paragon Capital Management Ltd bought a new stake in Weingarten Realty Investors during the second quarter valued at $230,000. ING Groep NV bought a new stake in Weingarten Realty Investors during the second quarter valued at $433,000. Finally, Russell Investments Group Ltd. boosted its stake in Weingarten Realty Investors by 21.1% in the second quarter. Russell Investments Group Ltd. now owns 788,537 shares of the real estate investment trust’s stock valued at $23,777,000 after buying an additional 137,640 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

Shares of Weingarten Realty Investors (WRI) opened at 32.95 on Tuesday. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $42.12. The company has a market capitalization of $4.23 billion, a P/E ratio of 22.16 and a beta of 0.72. The firm’s 50 day moving average price is $31.39 and its 200-day moving average price is $32.67.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $142.96 million during the quarter, compared to analysts’ expectations of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Analysts expect that Weingarten Realty Investors will post $0.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 4.67%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s payout ratio is currently 104.76%.

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Several equities analysts have commented on the company. 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 objective (down previously from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.20.

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

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