Brokerages predict that Weingarten Realty Investors (NYSE:WRI) will post sales of $139.14 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Weingarten Realty Investors’ earnings, with the highest sales estimate coming in at $144.19 million and the lowest estimate coming in at $136.40 million. Weingarten Realty Investors reported sales of $139.51 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.3%. The company is expected to issue its next earnings results on Tuesday, February 20th.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $139.14 million for the current year, with estimates ranging from $558.10 million to $572.00 million. For the next financial year, analysts anticipate that the business will report sales of $571.91 million per share, with estimates ranging from $552.20 million to $588.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm 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%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share.

Several analysts have recently commented on WRI shares. Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. J P Morgan Chase & Co dropped their price target on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $32.00 price target on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. 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. Finally, BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Weingarten Realty Investors has an average rating of “Hold” and a consensus price target of $33.25.

The business also recently declared 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 dividend yield of 5.06%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 94.48%.

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Large investors have recently bought and sold shares of the stock. Howe & Rusling Inc. grew its stake in Weingarten Realty Investors by 913.7% in the 3rd quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 3,198 shares in the last quarter. Commonwealth Bank of Australia grew its stake in Weingarten Realty Investors by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 176 shares in the last quarter. Founders Capital Management grew its stake in Weingarten Realty Investors by 15.7% in the 2nd quarter. Founders Capital Management now owns 4,863 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 660 shares in the last quarter. Advisor Group Inc. grew its stake in Weingarten Realty Investors by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 599 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Weingarten Realty Investors by 80.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,496 shares in the last quarter. 79.93% of the stock is currently owned by institutional investors.

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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