Weingarten Realty Investors (NYSE:WRI) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Weingarten Realty Investors in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings per share of $0.61 for the quarter. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Weingarten Realty Investors’ Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.53 EPS.
A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group set a $33.00 price objective on shares of Weingarten Realty Investors and gave the company a “hold” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.50.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 24.91% and a return on equity of 18.25%. The business had revenue of $141.06 million for the quarter, compared to analyst estimates of $139.72 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.
A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in Weingarten Realty Investors by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 222,469 shares of the real estate investment trust’s stock worth $7,061,000 after buying an additional 2,588 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Weingarten Realty Investors during the third quarter worth approximately $313,000. Eii Capital Management Inc. bought a new stake in Weingarten Realty Investors during the third quarter worth approximately $980,000. California Public Employees Retirement System boosted its holdings in Weingarten Realty Investors by 4.4% during the third quarter. California Public Employees Retirement System now owns 324,865 shares of the real estate investment trust’s stock worth $10,311,000 after buying an additional 13,692 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Weingarten Realty Investors during the third quarter worth approximately $321,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 9.62%. This is a boost from Weingarten Realty Investors’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, December 22nd. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 93.90%.
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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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