FY2017 EPS Estimates for Weingarten Realty Investors Boosted by Boenning Scattergood (NYSE:WRI)

Weingarten Realty Investors (NYSE:WRI) – Investment analysts at Boenning Scattergood raised their FY2017 earnings per share (EPS) estimates for shares of Weingarten Realty Investors in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $2.44 for the year, up from their previous estimate of $2.43. Boenning Scattergood currently has a “Sell” rating and a $30.00 price target on the stock. Boenning Scattergood also issued estimates for Weingarten Realty Investors’ Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.46 EPS.

Several other brokerages have also recently weighed in on WRI. J P Morgan Chase & Co reissued a “neutral” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Weingarten Realty Investors in a research note on Wednesday, August 9th. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price target on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. Finally, Robert W. Baird reissued a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.25.

WARNING: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/fy2017-eps-estimates-for-weingarten-realty-investors-raised-by-boenning-scattergood-wri.html.

Shares of Weingarten Realty Investors (WRI) traded up $0.18 during trading hours on Friday, hitting $32.71. 615,900 shares of the stock traded hands, compared to its average volume of 872,639. The firm has a market capitalization of $4,177.78, a P/E ratio of 13.33, a PEG ratio of 3.20 and a beta of 0.68. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $36.82.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share.

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 issued 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 dividend yield of 4.71%. Weingarten Realty Investors’s dividend payout ratio is presently 94.48%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Howe & Rusling Inc. raised its holdings in shares of Weingarten Realty Investors by 913.7% in the 3rd quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 3,198 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Weingarten Realty Investors by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 176 shares during the last quarter. Founders Capital Management raised its holdings in shares of Weingarten Realty Investors by 15.7% in the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 660 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Weingarten Realty Investors by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 599 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in shares of Weingarten Realty Investors by 80.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 2,496 shares during the last quarter. Institutional investors own 79.92% of the company’s stock.

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.

Get a free copy of the Zacks research report on Weingarten Realty Investors (WRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply