Weingarten Realty Investors (NYSE:WRI) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $28.17.
WRI has been the topic of a number of analyst reports. ValuEngine cut shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Compass Point initiated coverage on shares of Weingarten Realty Investors in a report on Thursday, August 15th. They set a “neutral” rating and a $27.50 target price on the stock. Finally, Zacks Investment Research reissued a “hold” rating on shares of Weingarten Realty Investors in a report on Sunday, September 8th.
In other news, Director Shelaghmichael C. Brown sold 4,333 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.17, for a total value of $117,727.61. Following the transaction, the director now owns 28,218 shares of the company’s stock, valued at $766,683.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in WRI. NEXT Financial Group Inc purchased a new position in Weingarten Realty Investors in the second quarter worth $37,000. Advisory Services Network LLC grew its position in Weingarten Realty Investors by 32.9% in the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 370 shares in the last quarter. Machina Capital S.A.S. purchased a new position in Weingarten Realty Investors in the second quarter worth $161,000. Cigna Investments Inc. New purchased a new position in Weingarten Realty Investors in the first quarter worth $202,000. Finally, Nissay Asset Management Corp Japan ADV purchased a new position in Weingarten Realty Investors in the first quarter worth $235,000. 77.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:WRI traded down $0.16 during mid-day trading on Friday, reaching $27.98. The company had a trading volume of 136,250 shares, compared to its average volume of 927,388. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.69 and a beta of 0.65. The company’s 50-day moving average price is $27.24 and its 200-day moving average price is $28.17. Weingarten Realty Investors has a one year low of $23.80 and a one year high of $30.26.
Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. Weingarten Realty Investors had a net margin of 46.97% and a return on equity of 13.06%. The business had revenue of $119.46 million for the quarter, compared to analysts’ expectations of $119.62 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 13.9% compared to the same quarter last year. On average, research analysts anticipate that Weingarten Realty Investors will post 2.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.395 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.58 dividend on an annualized basis and a yield of 5.65%. Weingarten Realty Investors’s payout ratio is 69.30%.
About Weingarten Realty Investors
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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