Weingarten Realty Investors to Post FY2018 Earnings of $2.42 Per Share, Jefferies Group Forecasts (NYSE:WRI)

Weingarten Realty Investors (NYSE:WRI) – Analysts at Jefferies Group dropped their FY2018 earnings estimates for Weingarten Realty Investors in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will earn $2.42 per share for the year, down from their prior forecast of $2.43. Jefferies Group has a “Hold” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Weingarten Realty Investors’ FY2019 earnings at $2.53 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Weingarten Realty Investors from a “hold” rating to a “sell” rating in a research note on Saturday. Boenning Scattergood upgraded shares of Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research note on Thursday, December 14th. ValuEngine cut shares of Weingarten Realty Investors from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks upgraded shares of Weingarten Realty Investors from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.50.

Weingarten Realty Investors (NYSE WRI) traded up $0.40 during mid-day trading on Thursday, reaching $26.88. 848,751 shares of the company were exchanged, compared to its average volume of 758,444. The firm has a market cap of $3,452.17, a PE ratio of 16.49, a PEG ratio of 2.80 and a beta of 0.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.24. Weingarten Realty Investors has a one year low of $26.05 and a one year high of $36.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Bank of Australia lifted its stake in 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. PNC Financial Services Group Inc. lifted its stake in shares of Weingarten Realty Investors by 7.6% in 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 purchasing an additional 498 shares during the period. Advisor Group Inc. lifted its stake in shares of Weingarten Realty Investors by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 599 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Weingarten Realty Investors by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 57,947 shares of the real estate investment trust’s stock valued at $1,744,000 after purchasing an additional 613 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Weingarten Realty Investors by 6.4% in the 2nd quarter. M&T Bank Corp now owns 14,875 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 890 shares during the period. Institutional investors and hedge funds own 79.80% 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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Earnings History and Estimates for Weingarten Realty Investors (NYSE:WRI)

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