Weingarten Realty Investors (NYSE:WRI) has been given a $33.00 price objective by Jefferies Group in a research report issued on Friday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective would indicate a potential downside of 1.11% from the stock’s previous close. Jefferies Group also issued estimates for Weingarten Realty Investors’ FY2017 earnings at $2.44 EPS and FY2019 earnings at $2.54 EPS.
WRI has been the topic of several other research reports. Boenning Scattergood raised shares of Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research note on Thursday. Robert W. Baird reissued a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co reduced their price objective on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Shares of Weingarten Realty Investors (WRI) opened at $33.37 on Friday. Weingarten Realty Investors has a fifty-two week low of $29.03 and a fifty-two week high of $36.82. The stock has a market cap of $4,249.70, a PE ratio of 13.56, a price-to-earnings-growth ratio of 3.41 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts expect that Weingarten Realty Investors will post 2.43 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Weingarten Realty Investors in the 1st quarter worth about $103,000. Howe & Rusling Inc. lifted its position in shares of 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 worth $113,000 after buying an additional 3,198 shares during the last quarter. Flinton Capital Management LLC bought a new stake in Weingarten Realty Investors in the 4th quarter valued at about $118,000. CT Financial Advisors LLC lifted its position in Weingarten Realty Investors by 0.4% in the 1st quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 18 shares during the last quarter. Finally, Pinnacle Bank bought a new stake in Weingarten Realty Investors in the 1st quarter valued at about $138,000. 79.17% of the stock is owned by institutional investors and hedge funds.
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.