Analysts predict that Weingarten Realty Investors (NYSE:WRI) will announce $0.60 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Weingarten Realty Investors’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.60. Weingarten Realty Investors posted earnings per share of $0.40 in the same quarter last year, which indicates a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 24th.

On average, analysts expect that Weingarten Realty Investors will report full year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.44. For the next financial year, analysts forecast that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.42 to $2.52. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $142.96 million for the quarter, compared to the consensus estimate of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share.

A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Weingarten Realty Investors in a report on Tuesday, August 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Weingarten Realty Investors in a report on Thursday, August 24th. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. Finally, BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

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Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Weingarten Realty Investors by 3,391.0% during the 1st quarter. BlackRock Inc. now owns 18,486,399 shares of the real estate investment trust’s stock worth $617,261,000 after acquiring an additional 17,956,849 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Weingarten Realty Investors by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 19,365,185 shares of the real estate investment trust’s stock worth $646,604,000 after acquiring an additional 597,565 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Weingarten Realty Investors by 47.6% during the 1st quarter. Bank of America Corp DE now owns 1,239,817 shares of the real estate investment trust’s stock worth $41,397,000 after acquiring an additional 399,978 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Weingarten Realty Investors by 1,305.0% during the 1st quarter. Citadel Advisors LLC now owns 415,811 shares of the real estate investment trust’s stock worth $13,884,000 after acquiring an additional 386,215 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Weingarten Realty Investors by 62.8% during the 2nd quarter. Macquarie Group Ltd. now owns 674,786 shares of the real estate investment trust’s stock worth $20,311,000 after acquiring an additional 260,180 shares in the last quarter. 80.27% of the stock is currently owned by institutional investors.

Weingarten Realty Investors (WRI) opened at 32.45 on Thursday. Weingarten Realty Investors has a 12 month low of $29.03 and a 12 month high of $38.82. The stock has a market cap of $4.17 billion, a P/E ratio of 21.82 and a beta of 0.72. The firm’s 50-day moving average price is $32.21 and its 200-day moving average price is $31.97.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio is presently 104.76%.

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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