Timber Hill LLC bought a new position in shares of Weingarten Realty Investors (NYSE:WRI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,764 shares of the real estate investment trust’s stock, valued at approximately $246,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Telos Capital Management Inc. increased its holdings in shares of Weingarten Realty Investors by 0.3% during the 2nd quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 45 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of Weingarten Realty Investors by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 83 shares during the period. Anchor Capital Advisors LLC increased its holdings in shares of Weingarten Realty Investors by 1.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 100 shares during the period. Creative Planning increased its holdings in shares of Weingarten Realty Investors by 1.5% during the 2nd quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 109 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Weingarten Realty Investors by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 127 shares during the period. 80.27% of the stock is owned by hedge funds and other institutional investors.

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Weingarten Realty Investors (NYSE:WRI) traded up $0.10 during midday trading on Friday, reaching $33.07. 565,500 shares of the company were exchanged, compared to its average volume of 869,623. The company has a market capitalization of $4,234.29, a PE ratio of 13.51, a P/E/G ratio of 3.29 and a beta of 0.68. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. equities analysts predict that Weingarten Realty Investors will post 2.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.54 dividend on an annualized basis and a yield of 4.66%. Weingarten Realty Investors’s payout ratio is currently 94.48%.

Several research analysts have recently issued reports on WRI shares. Robert W. Baird restated a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a report on Thursday, August 24th. Jefferies Group LLC restated a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, J P Morgan Chase & Co dropped their price objective on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.25.

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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