Robert W. Baird reiterated their buy rating on shares of Weingarten Realty Investors (NYSE:WRI) in a research report report published on Thursday. Robert W. Baird currently has a $37.00 price target on the real estate investment trust’s stock.

WRI has been the topic of several other reports. J P Morgan Chase & Co reaffirmed a neutral rating and set a $35.00 target price (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. ValuEngine downgraded Weingarten Realty Investors from a buy rating to a hold rating in a report on Friday, June 2nd. Jefferies Group LLC set a $37.00 target price on Weingarten Realty Investors and gave the stock a hold rating in a report on Friday, May 26th. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a sell rating in a report on Monday, July 31st. Finally, BidaskClub raised Weingarten Realty Investors from a hold rating to a buy rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $35.40.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at 32.77 on Thursday. The company has a market capitalization of $4.21 billion, a PE ratio of 22.04 and a beta of 0.72. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $42.12. The firm has a 50-day moving average price of $31.89 and a 200-day moving average price of $32.51.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $142.96 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Equities analysts anticipate that Weingarten Realty Investors will post $0.99 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is 104.76%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Telos Capital Management Inc. increased its position in shares of Weingarten Realty Investors by 0.3% in the second quarter. Telos Capital Management Inc. now owns 13,022 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 45 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of 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 worth $862,000 after buying an additional 83 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Weingarten Realty Investors by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,125 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 97 shares in the last quarter. Anchor Capital Advisors LLC increased its position in shares of Weingarten Realty Investors by 1.1% in the second quarter. Anchor Capital Advisors LLC now owns 9,150 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 100 shares in the last quarter. Finally, Creative Planning increased its position in shares of Weingarten Realty Investors by 1.5% in the second quarter. Creative Planning now owns 7,592 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 109 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors.

Weingarten Realty Investors Company 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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