Weingarten Realty Investors (NYSE:WRI) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.42-2.45 for the period, compared to the Thomson Reuters consensus estimate of $2.42.

Several equities research analysts have commented on the stock. TheStreet raised shares of 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 target (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. Boenning Scattergood set a $30.00 price target on shares of Weingarten Realty Investors and gave the company a sell rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a sell rating to a hold rating in a research report on Saturday, July 29th. Finally, BidaskClub upgraded shares of Weingarten Realty Investors from a hold rating to a buy rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $33.50.

Shares of Weingarten Realty Investors (NYSE WRI) traded down 0.57% on Tuesday, hitting $31.49. 984,156 shares of the company’s stock were exchanged. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 21.18 and a beta of 0.72. The company’s 50-day moving average price is $32.22 and its 200 day moving average price is $31.90. Weingarten Realty Investors has a 12-month low of $29.03 and a 12-month high of $37.63.

Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, equities analysts predict that Weingarten Realty Investors will post $0.99 earnings per share for the current fiscal year.

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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.

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

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