Weingarten Realty Investors (WRI) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Weingarten Realty Investors (NYSE:WRI) from a sell rating to a hold rating in a report issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Weingarten Realty Investors from a sell rating to a hold rating in a research report on Wednesday, October 31st. Scotiabank started coverage on shares of Weingarten Realty Investors in a research report on Tuesday, October 16th. They issued a sector perform rating for the company. Wells Fargo & Co raised their target price on shares of Weingarten Realty Investors from $27.00 to $30.00 and gave the stock a market perform rating in a research report on Thursday, August 9th. Citigroup set a $29.00 target price on shares of Weingarten Realty Investors and gave the stock a hold rating in a research report on Tuesday, November 20th. Finally, Jefferies Financial Group set a $30.00 target price on shares of Weingarten Realty Investors and gave the stock a hold rating in a research report on Wednesday, August 15th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $31.17.

Shares of WRI opened at $28.65 on Thursday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.27 and a quick ratio of 1.27. Weingarten Realty Investors has a twelve month low of $25.67 and a twelve month high of $33.83.

Weingarten Realty Investors (NYSE:WRI) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The business had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $126.36 million. Weingarten Realty Investors had a net margin of 80.35% and a return on equity of 22.88%. As a group, equities research analysts forecast that Weingarten Realty Investors will post 2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 7th will be given a $0.395 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.58 annualized dividend and a dividend yield of 5.51%. Weingarten Realty Investors’s dividend payout ratio is 64.49%.

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Weingarten Realty Investors in the 2nd quarter worth about $129,000. Cadence Capital Management LLC bought a new position in shares of Weingarten Realty Investors in the 2nd quarter worth about $207,000. CIBC Asset Management Inc bought a new position in shares of Weingarten Realty Investors in the 2nd quarter worth about $212,000. Creative Planning bought a new position in shares of Weingarten Realty Investors in the 3rd quarter worth about $218,000. Finally, Oakbrook Investments LLC bought a new position in shares of Weingarten Realty Investors in the 3rd quarter worth about $225,000. 76.52% of the stock is owned by hedge funds and other institutional investors.

Weingarten Realty Investors Company Profile

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2018, 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 185 properties which are located in 17 states spanning the country from coast to coast.

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Analyst Recommendations for Weingarten Realty Investors (NYSE:WRI)

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