Weingarten Realty Investors Given Average Rating of “Buy” by Analysts (NYSE:WRI)
Shares of Weingarten Realty Investors (NYSE:WRI) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.00.
Shares of Weingarten Realty Investors (NYSE:WRI) traded down 0.15% during mid-day trading on Monday, hitting $32.71. The stock had a trading volume of 31,248 shares. Weingarten Realty Investors has a 52-week low of $27.21 and a 52-week high of $34.29. The stock’s 50-day moving average is $33.11 and its 200-day moving average is $31.13. The company has a market cap of $3.998 billion and a price-to-earnings ratio of 20.34.
Weingarten Realty Investors (NYSE:WRI) last released its earnings data on Thursday, July 24th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.01. The company had revenue of $130.19 million for the quarter, compared to the consensus estimate of $123.98 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Weingarten Realty Investors will post $2.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, September 4th.
A number of analysts have recently weighed in on WRI shares. Analysts at RBC Capital raised their price target on shares of Weingarten Realty Investors from $36.00 to $38.00 in a research note on Monday, July 28th. Analysts at Cowen and Company raised their price target on shares of Weingarten Realty Investors from $34.00 to $35.00 in a research note on Friday, June 20th.
Weingarten Realty Investors is a real estate investment trust (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 Analyst Ratings Network's FREE daily email newsletter.