Weingarten Realty Investors (NYSE:WRI) – Investment analysts at Boenning Scattergood reduced their Q1 2018 EPS estimates for shares of Weingarten Realty Investors in a note issued to investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.62. Boenning Scattergood has a “Sell” rating and a $30.00 price objective on the stock. Boenning Scattergood also issued estimates for Weingarten Realty Investors’ Q4 2018 earnings at $0.63 EPS and FY2018 earnings at $2.47 EPS.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $142.96 million during the quarter, compared to analyst estimates of $142.34 million. Weingarten Realty Investors had a return on equity of 11.03% and a net margin of 33.57%. Weingarten Realty Investors’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS.
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A number of other equities research analysts have also recently weighed in on WRI. Robert W. Baird started coverage on Weingarten Realty Investors in a research note on Thursday, April 20th. They set an “outperform” rating and a $41.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research note on Monday, April 24th. TheStreet cut Weingarten Realty Investors from a “b” rating to a “c+” rating in a research note on Monday, April 24th. ValuEngine cut Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus target price of $37.60.
Weingarten Realty Investors (NYSE:WRI) traded down 2.03% during trading on Wednesday, hitting $32.27. The stock had a trading volume of 261,382 shares. Weingarten Realty Investors has a 52-week low of $29.03 and a 52-week high of $42.79. The stock’s 50-day moving average is $30.82 and its 200-day moving average is $32.88. The stock has a market capitalization of $4.14 billion, a PE ratio of 21.69 and a beta of 0.72.
Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in Weingarten Realty Investors during the fourth quarter worth approximately $651,000. CT Financial Advisors LLC boosted its stake in Weingarten Realty Investors by 0.4% in the first quarter. CT Financial Advisors LLC now owns 4,111 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 18 shares during the period. Louisiana State Employees Retirement System boosted its stake in Weingarten Realty Investors by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 700 shares during the period. Pinnacle Bank acquired a new stake in Weingarten Realty Investors during the first quarter worth approximately $138,000. Finally, Wendell David Associates Inc. boosted its stake in Weingarten Realty Investors by 1.8% in the first quarter. Wendell David Associates Inc. now owns 79,473 shares of the real estate investment trust’s stock worth $2,654,000 after buying an additional 1,400 shares during the period. Institutional investors own 79.98% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, September 7th. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 104.76%.
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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