Weingarten Realty Investors (WRI) Receives Average Rating of “Hold” from Analysts

Weingarten Realty Investors (NYSE:WRI) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $34.67.

A number of equities research analysts recently commented on the company. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Boenning Scattergood raised Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research note on Thursday, December 14th. Jefferies Group set a $33.00 target price on Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. decreased their target price on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th.

Shares of Weingarten Realty Investors (NYSE:WRI) traded up $0.26 during trading on Friday, hitting $30.76. The company had a trading volume of 569,703 shares, compared to its average volume of 417,464. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The firm has a market capitalization of $3,917.07, a PE ratio of 18.87, a PEG ratio of 3.10 and a beta of 0.71.

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, topping analysts’ consensus estimates 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 business had revenue of $141.06 million during the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts predict that Weingarten Realty Investors will post 2.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 9.75%. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, December 22nd. Weingarten Realty Investors’s payout ratio is presently 94.48%.

A number of large investors have recently bought and sold shares of WRI. Cohen & Steers Inc. grew its stake in 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 acquiring an additional 6,056,312 shares during the period. Russell Investments Group Ltd. grew its stake in Weingarten Realty Investors by 75.5% in the third quarter. Russell Investments Group Ltd. now owns 1,383,769 shares of the real estate investment trust’s stock valued at $43,929,000 after acquiring an additional 595,232 shares during the period. Macquarie Group Ltd. grew its stake in Weingarten Realty Investors by 62.8% in the second quarter. Macquarie Group Ltd. now owns 674,786 shares of the real estate investment trust’s stock valued at $20,311,000 after acquiring an additional 260,180 shares during the period. New Capital Management LP lifted its holdings in shares of Weingarten Realty Investors by 65.8% in the fourth quarter. New Capital Management LP now owns 410,206 shares of the real estate investment trust’s stock valued at $13,483,000 after purchasing an additional 162,815 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Weingarten Realty Investors by 50.4% in the third quarter. Sei Investments Co. now owns 480,687 shares of the real estate investment trust’s stock valued at $15,257,000 after purchasing an additional 161,019 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.

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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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