Weingarten Realty Investors (WRI) to Release Earnings on Thursday
Weingarten Realty Investors (NYSE:WRI) will be releasing its earnings data after the market closes on Thursday, July 27th. Analysts expect Weingarten Realty Investors to post earnings of $0.24 per share for the quarter. Weingarten Realty Investors has set its FY17 guidance at $2.37-2.43 EPS.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. During the same period in the prior year, the company earned $0.57 earnings per share. On average, analysts expect Weingarten Realty Investors to post $0.98 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
Weingarten Realty Investors (WRI) opened at 31.67 on Thursday. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $43.70. The stock has a 50 day moving average price of $30.47 and a 200-day moving average price of $33.14. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 24.90 and a beta of 0.71.
A number of analysts have recently commented on WRI shares. TheStreet cut Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and set a $37.00 target price on shares of Weingarten Realty Investors in a research report on Monday, April 24th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird upgraded Weingarten Realty Investors from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Weingarten Realty Investors has a consensus rating of “Hold” and an average price target of $40.60.
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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