Brokerages Expect Weingarten Realty Investors (WRI) Will Post Quarterly Sales of $139.60 Million

Wall Street analysts predict that Weingarten Realty Investors (NYSE:WRI) will report sales of $139.60 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Weingarten Realty Investors’ earnings, with estimates ranging from $136.75 million to $144.19 million. Weingarten Realty Investors reported sales of $139.51 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Weingarten Realty Investors will report full year sales of $139.60 million for the current fiscal year, with estimates ranging from $561.60 million to $572.00 million. For the next financial year, analysts expect that the company will post sales of $571.36 million per share, with estimates ranging from $559.00 million to $588.00 million. Zacks Investment Research’s sales averages 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 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $141.06 million during the quarter, compared to analyst estimates of $139.72 million. Weingarten Realty Investors had a return on equity of 18.25% and a net margin of 24.91%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share.

Several brokerages have commented on WRI. ValuEngine lowered Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $33.00 price objective on Weingarten Realty Investors and gave the company a “hold” rating in a research report on Friday, December 15th. Boenning Scattergood upgraded Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a report on Thursday, December 14th. Finally, JPMorgan Chase & Co. reduced their price target on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Weingarten Realty Investors presently has a consensus rating of “Hold” and an average target price of $33.50.

Several large investors have recently modified their holdings of the company. Cohen & Steers Inc. increased its holdings in shares of Weingarten Realty Investors by 70.1% during the third quarter. Cohen & Steers Inc. now owns 14,697,487 shares of the real estate investment trust’s stock valued at $466,498,000 after acquiring an additional 6,056,312 shares in the last quarter. State Street Corp increased its holdings in shares of Weingarten Realty Investors by 1.7% during the second quarter. State Street Corp now owns 5,343,782 shares of the real estate investment trust’s stock valued at $160,839,000 after acquiring an additional 88,325 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Weingarten Realty Investors by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 3,839,758 shares of the real estate investment trust’s stock valued at $121,874,000 after acquiring an additional 160,463 shares in the last quarter. Cbre Clarion Securities LLC increased its holdings in shares of Weingarten Realty Investors by 3.1% during the second quarter. Cbre Clarion Securities LLC now owns 2,693,253 shares of the real estate investment trust’s stock valued at $81,067,000 after acquiring an additional 80,583 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Weingarten Realty Investors by 1.7% during the second quarter. Northern Trust Corp now owns 1,931,464 shares of the real estate investment trust’s stock valued at $58,138,000 after acquiring an additional 32,085 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Weingarten Realty Investors (WRI) opened at $30.69 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $3,940.00, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.71. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $36.82.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is an increase from Weingarten Realty Investors’s previous quarterly dividend of $0.39. This represents a $3.00 annualized dividend and a dividend yield of 9.78%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 93.90%.

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Weingarten Realty Investors Company Profile

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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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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