Weingarten Realty Investors (NYSE:WRI) issued an update on its FY21 earnings guidance on Monday morning. The company provided EPS guidance of $1.65-1.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.76. Weingarten Realty Investors also updated its FY 2021
After-Hours guidance to 1.65-1.75 EPS.
Shares of NYSE WRI traded up $0.93 on Monday, reaching $26.08. 989,820 shares of the company’s stock traded hands, compared to its average volume of 828,029. Weingarten Realty Investors has a 12 month low of $12.21 and a 12 month high of $30.90. The business’s 50 day simple moving average is $23.14 and its two-hundred day simple moving average is $20.02. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 4.08 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.94.
A number of equities research analysts have recently commented on WRI shares. Wells Fargo & Company upgraded shares of Weingarten Realty Investors from an equal weight rating to an overweight rating and increased their price target for the company from $19.00 to $24.00 in a report on Thursday, December 10th. Scotiabank upgraded shares of Weingarten Realty Investors from a sector perform rating to a sector outperform rating and set a $26.00 target price on the stock in a report on Thursday, January 28th. Finally, JPMorgan Chase & Co. upgraded shares of Weingarten Realty Investors from an underweight rating to a neutral rating and raised their target price for the stock from $19.00 to $24.00 in a report on Monday, December 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $27.33.
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2020, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 162 properties which are located in 15 states spanning the country from coast to coast.
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