Weingarten Realty Investors Stock Rating Reaffirmed by Citigroup Inc. (WRI)
Weingarten Realty Investors (NYSE:WRI)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a $35.00 target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 12.87% from the stock’s previous close.
Weingarten Realty Investors (NYSE:WRI) traded down 0.35% during mid-day trading on Tuesday, hitting $30.90. The stock had a trading volume of 116,437 shares. Weingarten Realty Investors has a 52-week low of $27.21 and a 52-week high of $35.91. The stock has a 50-day moving average of $30.27 and a 200-day moving average of $29.71. The company has a market cap of $3.768 billion and a price-to-earnings ratio of 29.42.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.49. The company had revenue of $127.60 million for the quarter, compared to the consensus estimate of $125.49 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that Weingarten Realty Investors will post $1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Thursday, June 5th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Tuesday, June 3rd.
WRI has been the subject of a number of other recent research reports. Analysts at Argus upgraded shares of Weingarten Realty Investors to a “buy” rating in a research note on Friday, March 21st. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of Weingarten Realty Investors in a research note on Wednesday, March 19th. They now have a $34.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Weingarten Realty Investors currently has an average rating of “Buy” and a consensus price target of $35.00.
Weingarten Realty Investors is a real estate investment trust (NYSE:WRI).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.