Shares of Weingarten Realty Investors (NYSE:WRI) have received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.83.
WRI has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Weingarten Realty Investors in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Citigroup set a $29.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Tuesday, November 20th. ValuEngine upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $28.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, December 17th.
Several hedge funds have recently made changes to their positions in WRI. Qube Research & Technologies Ltd acquired a new position in shares of Weingarten Realty Investors in the 2nd quarter valued at $129,000. Creative Planning bought a new stake in shares of Weingarten Realty Investors in the 3rd quarter worth about $218,000. Oakbrook Investments LLC bought a new stake in shares of Weingarten Realty Investors in the 3rd quarter worth about $225,000. Tower Research Capital LLC TRC grew its holdings in shares of Weingarten Realty Investors by 28.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,041 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 1,757 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of Weingarten Realty Investors in the 3rd quarter worth about $288,000. Institutional investors own 76.45% of the company’s stock.
NYSE:WRI opened at $26.13 on Friday. The firm has a market cap of $3.22 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.48 and a beta of 0.58. Weingarten Realty Investors has a one year low of $23.80 and a one year high of $32.52. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.93.
Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $126.36 million. Weingarten Realty Investors had a net margin of 80.35% and a return on equity of 22.88%. As a group, analysts forecast that Weingarten Realty Investors will post 2.29 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Friday, December 21st were paid a $1.40 dividend. This is a boost from Weingarten Realty Investors’s previous special dividend of $0.25. The ex-dividend date of this dividend was Thursday, December 20th. This represents a dividend yield of 5.64%. Weingarten Realty Investors’s dividend payout ratio is currently 64.49%.
About Weingarten Realty Investors
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 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 185 properties which are located in 17 states spanning the country from coast to coast.
Featured Story: How to calculate the annual rate of depreciation
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.