Weingarten Realty Investors Sets New 12-Month High at $34.35 (WRI)
Weingarten Realty Investors (NYSE:WRI)’s share price hit a new 52-week high during trading on Tuesday , Stock Ratings News reports. The company traded as high as $34.35 and last traded at $34.26, with a volume of 247,653 shares traded. The stock had previously closed at $33.99.
Several analysts have recently commented on the stock. 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.00.
The stock’s 50-day moving average is $33.38 and its 200-day moving average is $31.47. The company has a market cap of $4.175 billion and a price-to-earnings ratio of 21.16.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly 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. Shareholders 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 3.81%. The ex-dividend date is Thursday, September 4th.
Weingarten Realty Investors is a real estate investment trust (NYSE:WRI).
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