Weingarten Realty Investors Receives Average Recommendation of “Buy” from Analysts (NYSE:WRI)
Shares of Weingarten Realty Investors (NYSE:WRI) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, American Banking News reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.00.
Weingarten Realty Investors (NYSE:WRI) opened at 32.98 on Monday. 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 $33.20 and its 200-day moving average is $31.. The company has a market cap of $4.031 billion and a price-to-earnings ratio of 20.40.
Weingarten Realty Investors (NYSE:WRI) last released its earnings data on Thursday, July 24th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.49 earnings per share. Weingarten Realty Investors’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Weingarten Realty Investors will post $2.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, September 4th.
A number of research firms have recently commented on WRI. 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).
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