Wall Street analysts expect Weingarten Realty Investors (NYSE:WRI) to announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Weingarten Realty Investors’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.62. Weingarten Realty Investors reported earnings per share of $0.34 during the same quarter last year, which would suggest a positive year-over-year growth rate of 79.4%. The company is expected to issue its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.44. For the next financial year, analysts expect that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $141.06 million for 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%. Weingarten Realty Investors’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share.
A number of equities research analysts recently weighed in on the stock. Boenning Scattergood set a $30.00 target price on shares of Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. J P Morgan Chase & Co lowered their target price on shares of 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 issued a $32.00 target price on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.25.
A number of hedge funds and other institutional investors have recently modified their holdings of WRI. Howe & Rusling Inc. grew its position in Weingarten Realty Investors by 913.7% during the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 3,198 shares during the last quarter. Commonwealth Bank of Australia grew its position in Weingarten Realty Investors by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 176 shares during the last quarter. Advisor Group Inc. grew its position in Weingarten Realty Investors by 13.9% during the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 599 shares during the last quarter. Flinton Capital Management LLC grew its position in Weingarten Realty Investors by 80.8% during the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 2,496 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in Weingarten Realty Investors by 83.1% during the second quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 2,824 shares during the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down $0.40 on Friday, reaching $32.18. 416,884 shares of the company were exchanged, compared to its average volume of 856,092. The stock has a market capitalization of $4,184.20, a P/E ratio of 13.35, a P/E/G ratio of 3.24 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $36.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.75 per share. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 dividend on an annualized basis and a yield of 9.32%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 94.48%.
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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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