Weingarten Realty Investors (WRI) Announces Quarterly Earnings Results
Weingarten Realty Investors (NYSE:WRI) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01, Bloomberg Earnings reports. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same period last year, the firm posted $0.58 EPS. Weingarten Realty Investors’s revenue for the quarter was up 3.4% on a year-over-year basis. Weingarten Realty Investors updated its FY17 guidance to $2.42-2.45 EPS.
Shares of Weingarten Realty Investors (WRI) opened at 31.49 on Wednesday. The firm has a market cap of $4.04 billion, a PE ratio of 21.18 and a beta of 0.72. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $37.15. The stock has a 50 day moving average of $32.20 and a 200 day moving average of $31.88.
Several research analysts have issued reports on the stock. J P Morgan Chase & Co reissued a “neutral” rating and set a $35.00 price objective (down from $37.00) on shares of Weingarten Realty Investors in a research report on Wednesday, August 9th. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. Boenning Scattergood set a $30.00 price objective on shares of Weingarten Realty Investors and gave the stock a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.50.
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.
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