Equities research analysts forecast that Weingarten Realty Investors (NYSE:WRI) will report sales of $139.14 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Weingarten Realty Investors’ earnings, with the lowest sales estimate coming in at $136.40 million and the highest estimate coming in at $144.19 million. Weingarten Realty Investors posted sales of $139.51 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The business is expected to report its next earnings report on Tuesday, February 20th.
On average, analysts expect that Weingarten Realty Investors will report full year sales of $139.14 million for the current year, with estimates ranging from $558.10 million to $572.00 million. For the next financial year, analysts expect that the company will report sales of $571.91 million per share, with estimates ranging from $552.20 million to $588.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $141.06 million during the quarter, compared to analysts’ expectations of $139.72 million. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share.
A number of analysts have recently weighed in on the company. J P Morgan Chase & Co lowered their target price on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Boenning Scattergood set a $30.00 target price on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. Jefferies Group LLC restated a “hold” rating and issued a $32.00 target price on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. Finally, TheStreet upgraded Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.25.
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A number of institutional investors and hedge funds have recently modified their holdings of WRI. PNC Financial Services Group Inc. lifted its holdings in shares of Weingarten Realty Investors by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,557 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 127 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Weingarten Realty Investors by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,645,166 shares of the real estate investment trust’s stock valued at $54,931,000 after acquiring an additional 10,141 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Weingarten Realty Investors by 215.6% in the 1st quarter. Renaissance Technologies LLC now owns 185,232 shares of the real estate investment trust’s stock valued at $6,185,000 after acquiring an additional 126,532 shares in the last quarter. Paloma Partners Management Co lifted its stake in Weingarten Realty Investors by 48.1% in the 1st quarter. Paloma Partners Management Co now owns 28,054 shares of the real estate investment trust’s stock valued at $937,000 after acquiring an additional 9,106 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in Weingarten Realty Investors by 0.5% in the 1st quarter. Credit Suisse AG now owns 487,848 shares of the real estate investment trust’s stock valued at $16,289,000 after acquiring an additional 2,238 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.
Shares of Weingarten Realty Investors (NYSE WRI) traded down $0.75 during trading hours on Thursday, hitting $31.20. The stock had a trading volume of 688,165 shares, compared to its average volume of 677,021. The company has a market capitalization of $4,006.98, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, December 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 94.48%.
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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