Wall Street brokerages forecast that Weingarten Realty Investors (NYSE:WRI) will post $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Weingarten Realty Investors’ earnings. The lowest EPS estimate is $0.51 and the highest is $0.56. Weingarten Realty Investors reported earnings per share of $0.55 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 19th.
On average, analysts expect that Weingarten Realty Investors will report full year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.05 to $2.10. For the next financial year, analysts anticipate that the business will post earnings of $2.13 per share, with EPS estimates ranging from $2.08 to $2.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.30. The business had revenue of $117.38 million during the quarter, compared to analysts’ expectations of $117.85 million. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS.
Several equities analysts have recently issued reports on the company. Compass Point assumed coverage on Weingarten Realty Investors in a research note on Thursday, August 15th. They issued a “neutral” rating and a $27.50 price objective for the company. Zacks Investment Research upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.17.
Shares of WRI traded down $0.29 during midday trading on Thursday, hitting $30.66. The company had a trading volume of 886,212 shares, compared to its average volume of 909,878. The company’s 50-day simple moving average is $29.74 and its 200-day simple moving average is $28.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $4.01 billion, a P/E ratio of 13.45, a P/E/G ratio of 4.94 and a beta of 0.63. Weingarten Realty Investors has a 1 year low of $23.80 and a 1 year high of $32.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, December 5th. Weingarten Realty Investors’s payout ratio is presently 69.30%.
In other news, Director Shelaghmichael C. Brown sold 4,333 shares of Weingarten Realty Investors stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.17, for a total value of $117,727.61. Following the completion of the transaction, the director now owns 28,218 shares in the company, valued at approximately $766,683.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new stake in Weingarten Realty Investors during the second quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. lifted its stake in Weingarten Realty Investors by 116.7% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 700 shares during the last quarter. Advisory Services Network LLC lifted its stake in Weingarten Realty Investors by 32.9% during the second quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 370 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Weingarten Realty Investors by 394.7% during the third quarter. Quadrant Capital Group LLC now owns 2,167 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in Weingarten Realty Investors during the second quarter worth approximately $161,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.
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.
Recommended Story: Penny Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.