Wall Street analysts expect Weingarten Realty Investors (NYSE:WRI) to post $139.23 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Weingarten Realty Investors’ earnings. The highest sales estimate is $144.19 million and the lowest is $136.75 million. Weingarten Realty Investors posted sales of $139.51 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.2%. The business is expected to report its next quarterly earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Weingarten Realty Investors will report full year sales of $139.23 million for the current financial year, with estimates ranging from $559.83 million to $572.00 million. For the next year, analysts anticipate that the company will post sales of $570.26 million per share, with estimates ranging from $555.97 million to $588.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Weingarten Realty Investors.
Weingarten Realty Investors (NYSE:WRI) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The company had revenue of $141.06 million during the quarter, compared to the consensus estimate of $139.72 million. During the same period last year, the company earned $0.58 EPS. Weingarten Realty Investors’s revenue for the quarter was up 3.4% on a year-over-year basis.
WRI has been the subject of a number of recent research reports. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. J P Morgan Chase & Co cut their price target on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Jefferies Group restated a “hold” rating and set a $32.00 price target on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Finally, Boenning Scattergood set a $30.00 price target on Weingarten Realty Investors and gave the company a “sell” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Weingarten Realty Investors currently has an average rating of “Hold” and a consensus price target of $33.25.
Shares of Weingarten Realty Investors (WRI) opened at $32.58 on Friday. The stock has a market capitalization of $4,184.22, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.24 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 company has a debt-to-equity ratio of 1.24, a quick ratio of 1.22 and a current ratio of 1.22.
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 paid a dividend of $0.385 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.73%. Weingarten Realty Investors’s dividend payout ratio (DPR) is presently 94.48%.
Several large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado grew its stake in shares of Weingarten Realty Investors by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,631 shares of the real estate investment trust’s stock valued at $862,000 after acquiring an additional 83 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Weingarten Realty Investors by 3.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 176 shares during the period. World Asset Management Inc grew its stake in shares of Weingarten Realty Investors by 2.9% during the 2nd quarter. World Asset Management Inc now owns 9,213 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 261 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in shares of Weingarten Realty Investors by 0.4% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 86,331 shares of the real estate investment trust’s stock valued at $2,599,000 after acquiring an additional 363 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Weingarten Realty Investors by 7.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,055 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 498 shares during the period. Institutional investors own 79.17% of the company’s stock.
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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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