Boenning Scattergood upgraded shares of Weingarten Realty Investors (NYSE:WRI) from an under perform rating to a neutral rating in a report released on Thursday, Marketbeat Ratings reports.

WRI has been the topic of a number of other research reports. Robert W. Baird reaffirmed a buy rating and set a $37.00 target price on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. J P Morgan Chase & Co cut their target price on Weingarten Realty Investors from $35.00 to $34.00 and set a neutral rating on the stock in a research note on Monday, October 30th. Finally, Jefferies Group reaffirmed a hold rating and set a $32.00 target price on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Weingarten Realty Investors has a consensus rating of Hold and a consensus price target of $33.50.

Shares of Weingarten Realty Investors (WRI) opened at $33.37 on Thursday. 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 has a 52 week low of $29.03 and a 52 week high of $36.82. The firm has a market capitalization of $4,285.68, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 3.44 and a beta of 0.71.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The company had revenue of $141.06 million for the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts predict that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 26th will be issued a $0.75 dividend. This is a positive change from Weingarten Realty Investors’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, December 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.99%. Weingarten Realty Investors’s payout ratio is presently 94.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cohen & Steers Inc. boosted its holdings in shares of Weingarten Realty Investors by 70.1% in the third quarter. Cohen & Steers Inc. now owns 14,697,487 shares of the real estate investment trust’s stock valued at $466,498,000 after purchasing an additional 6,056,312 shares during the period. State Street Corp boosted its holdings in shares of Weingarten Realty Investors by 1.7% in the second quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock valued at $160,839,000 after purchasing an additional 88,325 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Weingarten Realty Investors by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 3,839,758 shares of the real estate investment trust’s stock valued at $121,874,000 after purchasing an additional 160,463 shares during the period. Cbre Clarion Securities LLC boosted its holdings in shares of Weingarten Realty Investors by 3.1% in the second quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock valued at $81,067,000 after purchasing an additional 80,583 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Weingarten Realty Investors by 1.7% in the second quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock valued at $58,138,000 after purchasing an additional 32,085 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.

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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.

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