Nationwide Fund Advisors decreased its stake in shares of Weingarten Realty Investors (NYSE:WRI) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 434,115 shares of the real estate investment trust’s stock after selling 74,690 shares during the period. Nationwide Fund Advisors owned about 0.34% of Weingarten Realty Investors worth $13,067,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC bought a new position in Weingarten Realty Investors during the first quarter valued at approximately $103,000. Commonwealth Bank of Australia lifted its position in Weingarten Realty Investors by 3.9% during the second 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 during the period. Founders Capital Management lifted its position in Weingarten Realty Investors by 15.7% during the second 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 during the period. Westwood Holdings Group Inc. bought a new position in Weingarten Realty Investors during the first quarter valued at approximately $203,000. Finally, Riverhead Capital Management LLC lifted its position in Weingarten Realty Investors by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 2,824 shares during the period. Institutional investors own 80.27% of the company’s stock.

A number of brokerages recently weighed in on WRI. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Jefferies Group LLC set a $37.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research report on Friday, May 26th. Finally, J P Morgan Chase & Co restated 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Weingarten Realty Investors currently has a consensus rating of “Hold” and a consensus target price of $34.40.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 31.76 on Friday. The firm’s 50-day moving average is $32.51 and its 200-day moving average is $32.07. The stock has a market capitalization of $4.08 billion, a PE ratio of 21.36 and a beta of 0.72. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $40.51.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 33.57% and a return on equity of 11.03%. Weingarten Realty Investors’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, analysts expect that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 104.76%.

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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.

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

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