Weingarten Realty Investors Forecasted to Earn FY2018 Earnings of $2.42 Per Share (WRI)

Weingarten Realty Investors (NYSE:WRI) – Equities research analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for Weingarten Realty Investors in a research note issued on Tuesday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $2.42 per share for the year, down from their previous estimate of $2.43. Jefferies Group has a “Hold” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Weingarten Realty Investors’ FY2019 earnings at $2.53 EPS.

Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data 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 company had revenue of $141.06 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS.

Several other research analysts also recently commented on the company. 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. JPMorgan Chase & Co. cut their target price on 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 Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Weingarten Realty Investors currently has a consensus rating of “Hold” and a consensus price target of $33.50.

Shares of Weingarten Realty Investors (NYSE:WRI) traded up $0.30 on Thursday, reaching $30.73. The company’s stock had a trading volume of 384,200 shares, compared to its average volume of 532,091. The firm has a market cap of $3,908.08, a P/E ratio of 18.85, a PEG ratio of 3.09 and a beta of 0.71. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $36.82. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22.

Several hedge funds have recently bought and sold shares of WRI. JPMorgan Chase & Co. raised its position in shares of Weingarten Realty Investors by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 304,737 shares of the real estate investment trust’s stock worth $9,172,000 after acquiring an additional 52,446 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of 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 worth $140,000 after acquiring an additional 176 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Weingarten Realty Investors by 173.8% in the 2nd quarter. Wells Fargo & Company MN now owns 103,539 shares of the real estate investment trust’s stock worth $3,117,000 after acquiring an additional 65,723 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Weingarten Realty Investors by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 2,824 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Weingarten Realty Investors by 3.1% in the 2nd quarter. Teachers Advisors LLC now owns 494,476 shares of the real estate investment trust’s stock worth $14,884,000 after acquiring an additional 14,771 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This is a positive change from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a dividend yield of 9.76%. Weingarten Realty Investors’s dividend payout ratio (DPR) is 94.48%.

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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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