Wall Street analysts expect that Weingarten Realty Investors (NYSE:WRI) will post earnings per share of $0.58 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Weingarten Realty Investors’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Weingarten Realty Investors posted earnings per share of $0.61 in the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, October 23rd.
On average, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.35. For the next financial year, analysts expect that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.31 to $2.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $138.50 million for the quarter, compared to analyst estimates of $128.13 million. Weingarten Realty Investors had a return on equity of 24.90% and a net margin of 83.46%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share.
WRI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. UBS Group downgraded Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 17th. JPMorgan Chase & Co. decreased their target price on Weingarten Realty Investors from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. ValuEngine downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Wells Fargo & Co lifted their target price on Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.75.
Shares of Weingarten Realty Investors stock traded down $0.30 during trading on Friday, reaching $30.02. The company’s stock had a trading volume of 235,706 shares, compared to its average volume of 464,551. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $3.88 billion, a PE ratio of 12.85, a PEG ratio of 3.67 and a beta of 0.53. Weingarten Realty Investors has a one year low of $25.67 and a one year high of $33.83.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, September 7th will be issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Thursday, September 6th. Weingarten Realty Investors’s payout ratio is 64.49%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRI. Hsbc Holdings PLC raised its holdings in shares of Weingarten Realty Investors by 8.1% in the 1st quarter. Hsbc Holdings PLC now owns 26,148 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 1,960 shares during the period. Arizona State Retirement System raised its holdings in shares of Weingarten Realty Investors by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 82,743 shares of the real estate investment trust’s stock valued at $2,549,000 after purchasing an additional 1,981 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Weingarten Realty Investors by 3.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,758 shares of the real estate investment trust’s stock valued at $1,762,000 after purchasing an additional 2,160 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Weingarten Realty Investors by 17.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 15,200 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 2,300 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Weingarten Realty Investors by 2.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,484 shares of the real estate investment trust’s stock valued at $3,835,000 after purchasing an additional 2,821 shares during the period. 77.30% of the stock is currently owned by institutional investors.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2018, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 196 properties which are located in 17 states spanning the country from coast to coast.
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