A number of other equities research analysts have also weighed in on WRI. Robert W. Baird initiated coverage on shares of Weingarten Realty Investors in a research note on Thursday, April 20th. They set an outperform rating and a $41.00 target price for the company. Jefferies Group LLC reiterated a hold rating and set a $37.00 target price on shares of Weingarten Realty Investors in a research note on Monday, April 24th. Boenning Scattergood lowered shares of Weingarten Realty Investors from a neutral rating to an underperform rating in a research note on Monday, May 15th. ValuEngine lowered shares of Weingarten Realty Investors from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Weingarten Realty Investors from a sell rating to a hold rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $37.17.
Shares of Weingarten Realty Investors (NYSE WRI) opened at 32.45 on Tuesday. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $42.12. The firm has a 50-day moving average price of $31.30 and a 200-day moving average price of $32.75. The stock has a market capitalization of $4.17 billion, a P/E ratio of 21.82 and a beta of 0.72.
Weingarten Realty Investors (NYSE:WRI) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a net margin of 33.57% and a return on equity of 11.03%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts predict that Weingarten Realty Investors will post $0.98 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be paid a $0.385 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.54 annualized dividend and a dividend yield of 4.75%. Weingarten Realty Investors’s dividend payout ratio (DPR) is 104.76%.
Large investors have recently bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC bought a new stake in Weingarten Realty Investors during the first quarter valued at approximately $103,000. Pinnacle Bank bought a new stake in Weingarten Realty Investors during the first quarter valued at approximately $138,000. Founders Capital Management bought a new stake in Weingarten Realty Investors during the first quarter valued at approximately $140,000. Commonwealth Bank of Australia raised its stake in Weingarten Realty Investors by 3.9% in the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 176 shares during the period. Finally, Advisor Group Inc. raised its stake in Weingarten Realty Investors by 13.9% in the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.
About Weingarten Realty Investors
Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.
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