Linscomb & Williams Inc. decreased its stake in Weingarten Realty Investors (NYSE:WRI) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,782 shares of the real estate investment trust’s stock after selling 855 shares during the period. Linscomb & Williams Inc.’s holdings in Weingarten Realty Investors were worth $987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Telos Capital Management Inc. grew its holdings in shares of Weingarten Realty Investors by 0.3% in the 2nd quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 45 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Weingarten Realty Investors by 0.3% in the 2nd 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 purchasing an additional 83 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in Weingarten Realty Investors by 1.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 100 shares during the last quarter. Creative Planning lifted its stake in Weingarten Realty Investors by 1.5% in the 2nd quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 109 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Weingarten Realty Investors by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 80.27% of the company’s stock.

Shares of Weingarten Realty Investors (WRI) traded up 0.68% during midday trading on Wednesday, reaching $32.42. 97,453 shares of the company traded hands. The company has a 50-day moving average of $32.20 and a 200 day moving average of $31.97. The firm has a market capitalization of $4.16 billion, a PE ratio of 21.91 and a beta of 0.72. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $38.82.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data 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. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The firm had revenue of $142.96 million for the quarter, compared to analyst estimates of $142.34 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Weingarten Realty Investors will post $0.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.78%. Weingarten Realty Investors’s dividend payout ratio is currently 104.76%.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $35.00 target price (down from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. TheStreet upgraded shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Boenning Scattergood set a $30.00 target price on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.50.

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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.

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

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