Weingarten Realty Investors (NYSE:WRI) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. The firm earned $129.70 million during the quarter, compared to the consensus estimate of $134.50 million. Weingarten Realty Investors had a return on equity of 14.66% and a net margin of 44.98%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Weingarten Realty Investors updated its FY16 guidance to $2.24-2.28 EPS.

Weingarten Realty Investors (NYSE:WRI) traded down 3.11% during mid-day trading on Thursday, hitting $35.88. The stock had a trading volume of 986,152 shares. The firm’s 50-day moving average price is $38.55 and its 200-day moving average price is $39.43. Weingarten Realty Investors has a 1-year low of $31.89 and a 1-year high of $43.70. The stock has a market cap of $4.59 billion, a PE ratio of 19.35 and a beta of 0.81.

Earnings History for Weingarten Realty Investors (NYSE:WRI)

A number of research firms have weighed in on WRI. Citigroup Inc. raised their price target on Weingarten Realty Investors from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Zacks Investment Research downgraded Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group began coverage on Weingarten Realty Investors in a research report on Thursday, June 30th. They issued a “hold” rating and a $40.00 price objective for the company. Finally, Boenning Scattergood raised Weingarten Realty Investors from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 18th.

In related news, CFO Stephen C. Richter sold 18,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of C$42.80, for a total transaction of C$770,400.00. Following the transaction, the chief financial officer now directly owns 266,593 shares in the company, valued at approximately C$11,410,180.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew M. Alexander sold 66,224 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of C$41.59, for a total transaction of C$2,754,256.16. Following the transaction, the chief executive officer now owns 1,167,577 shares in the company, valued at C$48,559,527.43. The disclosure for this sale can be found here. Corporate insiders own 8.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of WRI. Franklin Resources Inc. increased its position in shares of Weingarten Realty Investors by 12.5% in the second quarter. Franklin Resources Inc. now owns 442,655 shares of the real estate investment trust’s stock valued at $18,069,000 after buying an additional 49,200 shares during the last quarter. Sei Investments Co. increased its position in shares of Weingarten Realty Investors by 77.8% in the second quarter. Sei Investments Co. now owns 10,565 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 4,622 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Weingarten Realty Investors during the second quarter valued at approximately $498,000. Comerica Bank increased its position in shares of Weingarten Realty Investors by 2.7% in the second quarter. Comerica Bank now owns 83,883 shares of the real estate investment trust’s stock valued at $3,539,000 after buying an additional 2,206 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Weingarten Realty Investors by 18.3% in the second quarter. Alliancebernstein L.P. now owns 152,972 shares of the real estate investment trust’s stock valued at $6,244,000 after buying an additional 23,660 shares during the last quarter. Institutional investors own 80.61% of the company’s stock.

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. It is engaged in the business of owning, managing and developing retail shopping centers. Its properties consist primarily of neighborhood and community shopping centers.

5 Day Chart for NYSE:WRI

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.