Analysts expect that Weingarten Realty Investors (NYSE:WRI) will post earnings per share of $0.53 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $0.52 to $0.56. Weingarten Realty Investors posted earnings of $0.55 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The company is expected to announce its next earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that Weingarten Realty Investors will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.10. For the next fiscal year, analysts anticipate that the company will post earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Weingarten Realty Investors had a return on equity of 16.75% and a net margin of 60.55%. The business had revenue of $117.38 million during the quarter, compared to analyst estimates of $117.85 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Weingarten Realty Investors’s revenue for the quarter was down 6.5% on a year-over-year basis.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Compass Point raised Weingarten Realty Investors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Weingarten Realty Investors presently has an average rating of “Hold” and a consensus target price of $30.50.
A number of hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc bought a new stake in Weingarten Realty Investors during the 2nd quarter valued at approximately $37,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Weingarten Realty Investors by 116.7% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 700 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Weingarten Realty Investors by 32.9% in the 2nd quarter. Advisory Services Network LLC now owns 1,495 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 370 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Weingarten Realty Investors by 394.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,167 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 1,729 shares during the period. Finally, Machina Capital S.A.S. bought a new stake in shares of Weingarten Realty Investors during the second quarter valued at approximately $161,000. 78.62% of the stock is owned by institutional investors.
Shares of NYSE:WRI opened at $31.57 on Friday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 4.97 and a beta of 0.63. The stock’s 50-day moving average price is $30.79 and its 200-day moving average price is $28.65. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.94. Weingarten Realty Investors has a 12-month low of $23.80 and a 12-month high of $32.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be given a $0.395 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.58 annualized dividend and a dividend yield of 5.00%. Weingarten Realty Investors’s dividend 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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