Wall Street analysts expect that Weingarten Realty Investors (NYSE:WRI) will announce $0.58 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Weingarten Realty Investors’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Weingarten Realty Investors reported earnings per share of $0.61 during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.
On average, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.35. For the next fiscal year, analysts forecast that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.31 to $2.41. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Weingarten Realty Investors had a return on equity of 24.90% and a net margin of 83.46%. The company had revenue of $138.50 million for the quarter, compared to analyst estimates of $128.13 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. UBS Group downgraded Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 17th. ValuEngine upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. lifted their target price on Weingarten Realty Investors from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Weingarten Realty Investors in a research note on Thursday, April 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Weingarten Realty Investors has an average rating of “Hold” and an average price target of $31.75.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Weingarten Realty Investors by 0.3% in the second quarter. BlackRock Inc. now owns 14,746,099 shares of the real estate investment trust’s stock valued at $454,329,000 after buying an additional 39,597 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of Weingarten Realty Investors in the first quarter valued at approximately $101,600,000. Bank of New York Mellon Corp boosted its stake in shares of Weingarten Realty Investors by 27.3% in the second quarter. Bank of New York Mellon Corp now owns 2,827,494 shares of the real estate investment trust’s stock valued at $87,116,000 after buying an additional 606,540 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Weingarten Realty Investors by 7.7% in the first quarter. Northern Trust Corp now owns 2,061,621 shares of the real estate investment trust’s stock valued at $57,891,000 after buying an additional 146,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Weingarten Realty Investors by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,900,188 shares of the real estate investment trust’s stock valued at $58,546,000 after buying an additional 26,419 shares in the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.
Shares of Weingarten Realty Investors traded down $0.30, hitting $30.02, during midday trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 235,706 shares, compared to its average volume of 464,551. Weingarten Realty Investors has a 52-week low of $25.67 and a 52-week high of $33.83. The company has a market capitalization of $3.88 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 3.67 and a beta of 0.53. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, September 7th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.26%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 64.49%.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2018, 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 196 properties which are located in 17 states spanning the country from coast to coast.
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