Analysts expect that Weingarten Realty Investors (NYSE:WRI) will report $142.70 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Weingarten Realty Investors’ earnings, with the highest sales estimate coming in at $147.64 million and the lowest estimate coming in at $140.22 million. Weingarten Realty Investors posted sales of $132.81 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The company is scheduled to report its next earnings report after the market closes on Thursday, July 27th.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $142.70 million for the current financial year, with estimates ranging from $559.79 million to $589.82 million. For the next fiscal year, analysts forecast that the firm will report sales of $594.10 million per share, with estimates ranging from $566.08 million to $620.58 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 29.16% and a return on equity of 9.53%. The firm had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. During the same quarter last year, the firm posted $0.57 earnings per share.

WRI has been the subject of several recent research reports. BidaskClub raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. TheStreet cut Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Robert W. Baird upgraded Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 16th. Boenning Scattergood lowered Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a report on Monday, May 15th. Finally, ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Weingarten Realty Investors (NYSE WRI) traded up 0.98% on Friday, reaching $29.77. 263,693 shares of the company traded hands. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 23.40 and a beta of 0.71. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $43.70. The firm has a 50 day moving average price of $30.61 and a 200 day moving average price of $33.61.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 8th were issued a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $1.54 annualized dividend and a yield of 5.22%. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 122.22%.

Large investors have recently bought and sold shares of the company. CT Financial Advisors LLC raised its stake in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 18 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Weingarten Realty Investors by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,125 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 97 shares during the period. PNC Financial Services Group Inc. raised its stake in Weingarten Realty Investors by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 127 shares during the period. World Asset Management Inc raised its stake in Weingarten Realty Investors by 1.7% in the first quarter. World Asset Management Inc now owns 8,952 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 148 shares during the period. Finally, Telos Capital Management Inc. raised its stake in Weingarten Realty Investors by 1.5% in the first quarter. Telos Capital Management Inc. now owns 12,977 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.

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Weingarten Realty Investors Company Profile

Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.

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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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