Weingarten Realty Investors (WRI) Expected to Post Earnings of $0.61 Per Share
Wall Street analysts predict that Weingarten Realty Investors (NYSE:WRI) will post earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $0.60 to $0.62. Weingarten Realty Investors reported earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 79.4%. The company is expected to report its next quarterly earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.37 to $2.44. For the next fiscal year, analysts expect that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million for the quarter, compared to analyst estimates of $139.72 million. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. Weingarten Realty Investors’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share.
A number of equities analysts recently commented on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $35.00 target price (down from $37.00) on shares of Weingarten Realty Investors in a report on Wednesday, August 9th. BidaskClub raised Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. TheStreet raised Weingarten Realty Investors from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. One investment 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. The stock currently has a consensus rating of “Hold” and an average price target of $33.25.
A number of large investors have recently bought and sold shares of the business. State Street Corp raised its holdings in Weingarten Realty Investors by 1.7% during the second quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock valued at $160,839,000 after acquiring an additional 88,325 shares during the period. Cbre Clarion Securities LLC raised its holdings in Weingarten Realty Investors by 3.1% during the second quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock valued at $81,067,000 after acquiring an additional 80,583 shares during the period. Northern Trust Corp raised its holdings in Weingarten Realty Investors by 1.7% during the second quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock valued at $58,138,000 after acquiring an additional 32,085 shares during the period. Dimensional Fund Advisors LP raised its holdings in Weingarten Realty Investors by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,718,642 shares of the real estate investment trust’s stock valued at $51,733,000 after acquiring an additional 73,476 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Weingarten Realty Investors by 7.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,147,235 shares of the real estate investment trust’s stock valued at $34,532,000 after acquiring an additional 81,749 shares during the period. 79.93% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Weingarten Realty Investors (WRI) opened at 30.79 on Tuesday. The company’s 50-day moving average price is $32.04 and its 200-day moving average price is $31.79. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 20.71 and a beta of 0.72. Weingarten Realty Investors has a one year low of $29.03 and a one year high of $36.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a $0.385 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.54 dividend on an annualized basis and a yield of 5.00%. Weingarten Realty Investors’s dividend payout ratio is currently 94.48%.
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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