Shares of Weingarten Realty Investors (NYSE:WRI) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.60.
WRI has been the topic of several research reports. Zacks Investment Research downgraded shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Bank of America downgraded shares of Weingarten Realty Investors from a “buy” rating to a “neutral” rating in a report on Monday, March 4th. Finally, ValuEngine upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th.
In other news, Director Stephen A. Lasher sold 115,000 shares of Weingarten Realty Investors stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $29.25, for a total transaction of $3,363,750.00. Following the sale, the director now directly owns 101,797 shares in the company, valued at approximately $2,977,562.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.40% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Weingarten Realty Investors by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 278,911 shares of the real estate investment trust’s stock worth $8,301,000 after purchasing an additional 74,745 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Weingarten Realty Investors by 40.1% during the third quarter. Renaissance Technologies LLC now owns 89,800 shares of the real estate investment trust’s stock worth $2,672,000 after purchasing an additional 25,700 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Weingarten Realty Investors during the third quarter worth approximately $9,167,000. Federated Investors Inc. PA lifted its position in shares of Weingarten Realty Investors by 1,592.9% during the third quarter. Federated Investors Inc. PA now owns 1,268,278 shares of the real estate investment trust’s stock worth $37,744,000 after purchasing an additional 1,193,359 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Weingarten Realty Investors by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 154,731 shares of the real estate investment trust’s stock worth $3,839,000 after purchasing an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.
Shares of NYSE:WRI traded up $0.03 on Friday, hitting $28.98. 581,202 shares of the company were exchanged, compared to its average volume of 863,480. Weingarten Realty Investors has a one year low of $23.80 and a one year high of $32.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 2.71 and a beta of 0.72.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). Weingarten Realty Investors had a return on equity of 12.53% and a net margin of 44.16%. The company had revenue of $119.83 million for the quarter, compared to the consensus estimate of $119.40 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts predict that Weingarten Realty Investors will post 2.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 7th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.58 annualized dividend and a dividend yield of 5.45%. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 69.30%.
Weingarten Realty Investors Company Profile
Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, 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 177 properties which are located in 17 states spanning the country from coast to coast.
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