Wall Street brokerages forecast that Weingarten Realty Investors (NYSE:WRI) will post $139.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $136.75 million to $144.19 million. Weingarten Realty Investors reported sales of $139.51 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The company is expected to issue its next earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Weingarten Realty Investors will report full-year sales of $139.60 million for the current financial year, with estimates ranging from $561.60 million to $572.00 million. For the next year, analysts expect that the firm will report sales of $571.36 million per share, with estimates ranging from $559.00 million to $588.00 million. Zacks’ sales averages are an average based on a survey of research firms that follow Weingarten Realty Investors.

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. The company had revenue of $141.06 million for the quarter, compared to analyst estimates of $139.72 million. Weingarten Realty Investors had a net margin of 24.91% and a return on equity of 18.25%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS.

WRI has been the topic of several research reports. 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 Thursday, October 26th. Jefferies Group set a $33.00 price target on shares of Weingarten Realty Investors and gave the company a “hold” rating in a report on Friday, December 15th. JPMorgan Chase & Co. decreased 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 report on Monday, October 30th. Finally, ValuEngine downgraded shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.50.

A number of large investors have recently bought and sold shares of WRI. Howe & Rusling Inc. boosted its position in Weingarten Realty Investors by 913.7% during 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 period. Commonwealth Bank of Australia boosted its position in Weingarten Realty Investors by 3.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 176 shares during the period. Advisor Group Inc. boosted its position in Weingarten Realty Investors by 13.9% during the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 599 shares during the period. Flinton Capital Management LLC boosted its position in Weingarten Realty Investors by 80.8% during the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 2,496 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in Weingarten Realty Investors by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 2,824 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

Shares of Weingarten Realty Investors (NYSE:WRI) opened at $30.69 on Friday. The stock has a market cap of $3,940.00, a P/E ratio of 18.71, a P/E/G ratio of 3.26 and a beta of 0.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $36.82.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is an increase from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a yield of 9.78%. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 93.90%.

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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.

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

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