Weingarten Realty Investors (NYSE:WRI) – Equities researchers at Jefferies Group lowered their FY2017 EPS estimates for Weingarten Realty Investors in a research note issued to investors on Friday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will earn $2.41 per share for the year, down from their prior estimate of $2.42. Jefferies Group currently has a “Hold” rating and a $37.00 target price on the stock.

Several other equities analysts have also recently issued reports on WRI. Robert W. Baird initiated coverage on shares of Weingarten Realty Investors in a research report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 price target for the company. TheStreet cut shares of Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. Boenning Scattergood cut shares of Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday, May 15th. ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.60.

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Shares of Weingarten Realty Investors (NYSE WRI) opened at 30.88 on Monday. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $43.70. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 24.28 and a beta of 0.71. The firm’s 50-day moving average is $30.61 and its 200-day moving average is $33.61.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Monday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $140.08 million. During the same quarter in the previous year, the business earned $0.57 EPS.

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Weingarten Realty Investors by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 78,236 shares of the real estate investment trust’s stock valued at $2,800,000 after buying an additional 6,460 shares during the period. Norges Bank acquired a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $37,532,000. Quadrature Capital Ltd acquired a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $651,000. RMB Capital Management LLC acquired a new position in shares of Weingarten Realty Investors during the fourth quarter valued at about $358,000. Finally, CT Financial Advisors LLC boosted its position in shares of 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. Hedge funds and other institutional investors own 80.28% of the company’s stock.

About Weingarten Realty Investors

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.

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

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