Weingarten Realty Investors (NYSE:WRI) – Equities researchers at Capital One Financial Corporation raised their FY2017 earnings estimates for shares of Weingarten Realty Investors in a note issued to investors on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $2.42 per share for the year, up from their prior estimate of $2.41.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 9.53% and a net margin of 29.16%. The business had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $142.34 million. During the same period in the previous year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year.

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Several other brokerages have also recently issued reports on WRI. Robert W. Baird assumed coverage on Weingarten Realty Investors in a research report on Thursday, April 20th. They issued an “outperform” rating and a $41.00 target price on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research report on Monday, April 24th. TheStreet cut Weingarten Realty Investors from a “b” rating to a “c+” rating in a research report on Monday, April 24th. BidaskClub raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Boenning Scattergood cut Weingarten Realty Investors from a “neutral” rating to an “underperform” rating in a research report on Monday, May 15th. Two 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. Weingarten Realty Investors has an average rating of “Hold” and an average price target of $40.60.

Shares of Weingarten Realty Investors (NYSE:WRI) traded up 2.73% during midday trading on Friday, reaching $33.47. The company had a trading volume of 358,080 shares. The company has a 50 day moving average of $30.67 and a 200 day moving average of $32.98. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 26.31 and a beta of 0.71. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $43.70.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.73%. Weingarten Realty Investors’s payout ratio is currently 122.22%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Weingarten Realty Investors by 3,391.0% in the first quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after buying an additional 17,956,849 shares during the last quarter. CT Financial Advisors LLC boosted its position 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 worth $137,000 after buying an additional 18 shares during the last quarter. Sei Investments Co. boosted its position in Weingarten Realty Investors by 165.5% in the first quarter. Sei Investments Co. now owns 224,091 shares of the real estate investment trust’s stock worth $7,483,000 after buying an additional 139,680 shares during the last quarter. World Asset Management Inc boosted its position 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 worth $299,000 after buying an additional 148 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Weingarten Realty Investors by 6.9% in the first quarter. Geode Capital Management LLC now owns 1,084,163 shares of the real estate investment trust’s stock worth $36,200,000 after buying an additional 69,976 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

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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