Analysts Anticipate Weingarten Realty Investors (WRI) to Post $0.61 EPS

Brokerages expect Weingarten Realty Investors (NYSE:WRI) to announce earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Weingarten Realty Investors’ earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. Weingarten Realty Investors reported earnings of $0.34 per share in the same quarter last year, which indicates a positive year over year growth rate of 79.4%. The business is scheduled to issue its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Weingarten Realty Investors will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.44. For the next year, analysts forecast that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks’ EPS averages are an average based on a survey of analysts that cover Weingarten Realty Investors.

Weingarten Realty Investors (NYSE:WRI) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Weingarten Realty Investors had a net margin of 36.86% and a return on equity of 12.07%. The business had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of research analysts recently commented on WRI shares. TheStreet raised shares of Weingarten Realty Investors from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price objective on shares of Weingarten Realty Investors in a research report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective on shares of Weingarten Realty Investors in a research report on Tuesday, August 29th. Finally, Zacks Investment Research raised shares of Weingarten Realty Investors from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.25.

A number of hedge funds have recently bought and sold shares of WRI. Howe & Rusling Inc. grew its position in Weingarten Realty Investors by 913.7% in the third quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 3,198 shares in the last quarter. Commonwealth Bank of Australia grew its position in Weingarten Realty Investors by 3.9% in the second quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 176 shares in the last quarter. Advisor Group Inc. grew its position in Weingarten Realty Investors by 13.9% in the second quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 599 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Weingarten Realty Investors by 80.8% during the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 2,496 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Weingarten Realty Investors by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 2,824 shares during the period. 78.52% of the stock is owned by institutional investors.

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Weingarten Realty Investors (WRI) traded up $0.24 during mid-day trading on Monday, hitting $33.31. 599,100 shares of the stock were exchanged, compared to its average volume of 868,410. Weingarten Realty Investors has a twelve month low of $29.03 and a twelve month high of $36.82. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $4,277.96, a price-to-earnings ratio of 13.65, a P/E/G ratio of 3.32 and a beta of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Thursday, December 7th. Weingarten Realty Investors’s payout ratio is presently 94.48%.

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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