Brokerages Expect Weingarten Realty Investors (WRI) Will Post Earnings of $0.61 Per Share

Brokerages expect Weingarten Realty Investors (NYSE:WRI) to announce earnings per share of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Weingarten Realty Investors’ earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.59. Weingarten Realty Investors also reported earnings of $0.61 per share in the same quarter last year. The company is scheduled 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 earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.44. For the next fiscal year, analysts anticipate that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last released its 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 firm had revenue of $141.06 million during 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%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share.

Several analysts have recently commented on WRI shares. Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. cut their price target on 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. Jefferies Group set a $33.00 target price on Weingarten Realty Investors and gave the company a “hold” rating in a report on Friday, December 15th. ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, SunTrust Banks upgraded Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WRI. Howe & Rusling Inc. increased its stake in shares of Weingarten Realty Investors by 913.7% in the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 3,198 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Weingarten Realty Investors by 13.9% in the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 599 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Weingarten Realty Investors by 80.8% in the second quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 2,496 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Weingarten Realty Investors by 83.1% in the second 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 during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Weingarten Realty Investors by 7.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 498 shares during the last quarter. Institutional investors own 79.19% of the company’s stock.

Weingarten Realty Investors (WRI) traded down $0.91 on Friday, hitting $30.07. The stock had a trading volume of 1,093,854 shares, compared to its average volume of 504,636. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3,978.72, a PE ratio of 18.45, a P/E/G ratio of 3.14 and a beta of 0.71. Weingarten Realty Investors has a 1-year low of $29.03 and a 1-year high of $36.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.98%. This is a positive change from Weingarten Realty Investors’s previous quarterly dividend of $0.39. Weingarten Realty Investors’s dividend payout ratio is presently 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.

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

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