Q4 2017 Earnings Forecast for Weingarten Realty Investors (WRI) Issued By Capital One Financial

Weingarten Realty Investors (NYSE:WRI) – Analysts at Capital One Financial cut their Q4 2017 earnings per share (EPS) estimates for Weingarten Realty Investors in a note issued to investors on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will earn $0.61 per share for the quarter, down from their prior forecast of $0.62. Capital One Financial also issued estimates for Weingarten Realty Investors’ Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.31 EPS and FY2019 earnings at $2.40 EPS.

A number of other analysts have also commented on the stock. Jefferies Group set a $33.00 target price on shares of Weingarten Realty Investors and gave the stock a “hold” rating in a report on Friday, December 15th. Boenning Scattergood raised shares of Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a report on Thursday, December 14th. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. JPMorgan Chase & Co. lowered their target price on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Finally, SunTrust Banks raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.50.

Shares of Weingarten Realty Investors (WRI) opened at $27.04 on Wednesday. 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 fifty-two week low of $25.96 and a fifty-two week high of $36.78. The company has a market cap of $3,470.00, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRI. Howe & Rusling Inc. boosted its position in shares of Weingarten Realty Investors by 913.7% during the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 3,198 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Weingarten Realty Investors by 13.9% during the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 599 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Weingarten Realty Investors by 7.6% during 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 purchasing an additional 498 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Weingarten Realty Investors during the third quarter worth $214,000. Finally, Lourd Capital LLC bought a new position in shares of Weingarten Realty Investors during the fourth quarter worth $233,000. 79.29% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Q4 2017 Earnings Forecast for Weingarten Realty Investors (WRI) Issued By Capital One Financial” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/14/q4-2017-earnings-forecast-for-weingarten-realty-investors-wri-issued-by-capital-one-financial.html.

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)

Receive News & Ratings for Weingarten Realty Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weingarten Realty Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply